WENDELL HUSSEY | Cadet | CONTACT
The head of the Prime Minister’s Optics Department has today taken the day off.
Speaking to one of our reporters from the Kingo, Andrew Ryan explained that he’s not even bothering today.
This comes after it was alleged the Prime Minister has just purchased a $4.3 million dollar property on the Central Coast.
The stunning property with ocean views was snapped up by the PM after he sold his Inner West home for an undisclosed price, but given the guide was 2 mill, likely a fair bit more than that.
Albanese has yet to comment on the purchase of the property, or whether he’ll be negatively gearing it, or moving into the property for 6 months at some point in the next 6 years to claim Principal Residence exemption (aka no Capital Gains Tax), or both.
The move comes at a sensational time, with the nation battling a cost of living crisis bad enough to warrant it having a conversation about negative gearing and CGT concessions.
With people discussing whether property taxation laws that benefit the top 20% of society and help make Australian housing unaffordable to an ever growing chunk of the population – Albo’s Optics Department have confirmed that this is not ideal.
“Fuck me, I know he wants to get in before they cut interest rates and prices go up again, but good lord.”
“Not a good look.”
Opposition Leader has yet to comment on the matter, reportedly in an effort not to draw attention to the fact he’s worth a few hundred million thanks to government subsidised childcare and the property bubble.
More to come.
