Albanese Defends $2.9M Home Purchase Amid Housing Crisis

Australian Prime Minister Anthony Albanese is facing criticism for purchasing a $4.3 million seaside mansion while launching an affordable housing initiative amid the country's housing crisis. This four-bedroom, three-bathroom property, located in Copacabana, has sparked backlash from both political opponents and some members of his own Labor Party, who deem the purchase 'tone deaf' given the rising cost of living and housing affordability issues. Albanese defended his decision, stating he understands the struggles of many Australians, referencing his background in public housing. His government has committed to building 1.2 million homes by 2030 to help alleviate the housing shortage. The timing of the purchase has raised eyebrows, particularly with elections approaching and his party trailing in polls. Despite the controversy, Albanese expressed his intention to remain in his position for the long term, asserting his commitment to improving housing access for all Australians.