Prime Minister Anthony Albanese has splashed out $4.3 million on a clifftop home on the NSW Central Coast.
It has been confirmed the prime minister exchanged contracts for the Copacabana home in September, with settlement expected before the end of October.
The prime minister bought the home to share with his fiancée Jodie Haydon, who is from the Central Coast.
Know the news with the 7NEWS app: Download today
The real estate listing describes the four-bedroom, three-bathroom home as boasting “one of the most commanding positions on the cliff top of Copacabana yet” with “uninterrupted ocean and Sydney skyline views from all levels”.
“A premiere location to enjoy sun, whale watching or spectacular sunsets year-round,” it states.
The Copacabana home also features timber-lined cathedral ceilings, a master suite with a walk-through ensuite, a large downstairs guest room and a north-facing entertainment deck.
The home was sold for $1.76 million in 2017 before being listed by its most recent owners for $4.65 million in 2021, according to realestate.com.au.
“I’m about to get marred to Jodie and start a new chapter of our lives,” Albanese told 2GB’s Ben Fordham on Tuesday.
“Jodie’s a ‘coastie’ and spending time with her up there is awesome.
“It will be nice to be closer to her parents and her family one day.”
Albanese famously grew up in public housing in Camperdown and, since then, has purchased a number of properties in the inner west.
His Dulwich Hill investment property was due to go under the hammer at the weekend, with a price guide of $1.9 million.
However, the Lewisham St townhouse was pulled from auction last minute and negotiations on a sale continue.
Albanese’s real estate agent Shad Hassan from The Agency said he was speaking to two interested buyers.
The prime minister bought the duplex a decade ago for $1.1 million.
The asking price for the home is now $1.85 million.
Hassan earlier described the sale as a “change of circumstances” for the prime minister as he entered a new stage of his life with his engagement.
The tenant, Jim Flanagan, spoke to Sunrise after he was given notice to vacate, so Albanese could sell the property.
The small business owner, who lived in Albanese’s three-bedroom townhouse for the past four years, said the eviction meant he was facing homelessness in a rental crisis.
“I think renters again are really exposed at the moment, that power imbalance has been exacerbated by the rental crisis and the cost-of-living crisis,” Flanagan said in May.
“We’re just looking for a little more of a considered communicative approach — maybe a discussion.
“I certainly wasn’t even provided with the opportunity to discuss an increase of the rent, staying a bit longer, potentially if the house was going on the market.
“I guess we’re just looking for a bit more engagement when it comes to kicking us out of a property.”
Flanagan, was on a month-to-month rental contract after finishing his lease, and said he understood Albanese had every right to ask him to vacate.
In a statement to Sunrise, the prime minister confirmed he “had changes in my personal life and have decided to sell the property”.
During the pandemic, Albanese slashed the rent to $680 a week and had not raised it raised since.