Anthony Albanese doubles his money on Marrickville house thanks to $2.35m buyer

Labor leader Anthony Albanese enjoyed his own uptick in news from the housing market on Tuesday less than 24 hours after the party officially dumped its negative gearing policy when he and former NSW deputy premier Carmel Tebbutt sold their Marrickville investment property for $2.35 million.

The bullish sale price more than doubles the former couple’s purchase price of $1.115 million nine years ago and comes less than five days before it was scheduled to go to auction.

Shad Hassen of The Agency declined to confirm the rumoured sale result but confirmed it had sold after the online marketing showed a sold sign.

The sale also ends the property ties between the former husband and wife, coming more than 20 years after they were married and 26 years after they first jointly bought into the Sydney housing market.

Albanese and Tebbutt, former Marrickville deputy mayor, bought their first home together in 1995, paying $242,000 for a house in Marrickville, which they sold in 2001 for $442,000.

Their former family home in Marrickville, purchased for $997,500 in 2006, was transferred into Albanese’s sole ownership two years ago following their split.

Albanese is a life-long inner-west local, having grown up in Camperdown, where his late single mother Maryanne raised him in a council-owned housing estate.

He bought his first home in 1990, aged just 26, paying $146,000 for a two-bedroom semi in Marrickville that he sold five years later for $186,000.