Australia's prime minister is criticized for buying a waterfront home during a housing crisis
Australian Prime Minister Anthony Albanese is being criticized for buying a multimillion dollar waterfront home during a national housing crisis with federal elections only months away
MELBOURNE, Australia (AP) — Australian Prime Minister Anthony Albanese has been criticized for buying a multimillion-dollar waterfront home during a national housing crisis with federal elections just months away.
Critics argue that the purchase of the 4.3 million Australian dollar ($2.9 million) clifftop home at Copacabana, north of his hometown of Sydney, made him appear out of touch with many Australians who are struggling to buy or rent a home due to elevated interest rates, rising prices and limited supply.
Albanese brushed off criticisms Wednesday when questioned by reporters about concerns raised privately within his own government.
“We want to get on with helping Australians, whether it be public housing, whether it be rentals or whether it be buying their own homes,” Albanese said.
