Albanese rents out his Copacobana investment property

Prime Minister Anthony Albanese is renting his $4.3 million clifftop home on the NSW Central Coast, likely bringing in thousands a month for the four-bedroom property.

The latest register of interests reveals Albanese has listed the three-bathroom and three-carport property in Copacabana, called “clifftop perfection” by the real estate agent who sold it, as an investment property generating rental income.

Similar properties are currently on the rental market for about $1200 a week. Albanese and his fiancée Jodie Hayden initially attempted to rent the property for $1900 a week but reportedly dropped the asking price to $1500.

The prime minister has not disclosed his actual rental income from the home, which would come on top of his $607,500 salary, but could go towards a mortgage with Commonwealth Bank that he has declared on the property.

Albanese’s decision to rent the property, which was disclosed in December and first reported by news.com.au will put attention back on the prime minister’s judgment after his purchase concerned Labor MPs amid a cost-of-living crisis.

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“Some people [within Labor] were aware and tried to stop it. My instinct is this is f—ing terrible,” one MP said at the time.

Albanese has defended the purchase. “There are three generations of Haydens on the coast there and when your relationship changes, your life changes and you make decisions,” he said last year.

Opposition Leader Peter Dutton has long invested in properties, owning six in 2016. He has since sold most of them.