Australia's prime minister is criticized for buying a waterfront home during a housing crisis - The Round Table Australian Prime Minister Anthony Albanese is being chastized for buying a multimillion dollar waterfront home during a national housing crisis with federal elections only months away
MELBOURNE, Australia -- Australian Prime Minister Anthony Albanese has been rebuked for buying a multimillion-dollar waterfront home during a national housing crisis with federal elections unbiased 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, compounding prices and limited supply.
Albanese brushed off criticisms Wednesday when questioned by reporters about concerns sharpened privately within his own government.
“We call for to get on with facilitating Australians, whether it be public housing, whether it be rentals or whether it be buying their own homes,” Albanese said.
Copacabana and several other beaches in the area have mainly multi-million dollar price tags on their waterfront homes, owned by Sydney-siders who still have homes in the city or have moved to a more placid lifestyle.
Opposition lawmaker Sussan Ley described the purchase as evidence that Albanese was “out of touch,” and her colleague Angie Bell described the timing as “questionable.”
“The real issue for Australians is a lot of people need to be capable to buy a home, but they’re unearthing it very, very complicated and the current government is doing a very poor job at getting the policy settings in place to make it easier,” opposition lawmaker Paul Fletcher announced to Sky News Australia.
Regards to ABC News
Category: World-News
Tag: Australiax27s prime minister is criticized for buying a waterfront home during a housing crisis The Round Table
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Published 10/17/2024