Labor leader Anthony Albanese lists Marrickville investment house for $2.1m

Sydney’s booming housing market has lured Labor leader Anthony “Albo” Albanese and former NSW deputy premier Carmel Tebbutt to the market, listing their Marrickville investment property for $2.1 million.

At that level, the August 7 auction is hoped to roughly double the $1.115 million the long-time darlings of Labor’s left paid for it in 2012.

The 1930s-era bungalow on a corner block of 300 square metres across the road from Marrickville Golf Club in Sydney’s inner west was already renovated when the couple purchased it, although there have been more recent improvements internally.

The three-bedroom house hit the market on Tuesday through The Agency’s Shad Hassen, who said the house was listed after the tenants recently moved out.

But the sale will also end their joint property interests following their separation in early 2019.

Albanese and Tebbutt were married in 2000, the same year they made their first foray as a couple into the inner west housing market, buying a double-fronted worker’s cottage in Newtown for $646,000 – well above Newtown’s then-median of $340,000.

Six years later they sold their Newtown house for $755,000 to move to Marrickville – a Federation bungalow with a contemporary rear extension and swimming pool they purchased for $997,500 in 2006.

Eight months after they announced their split, title records show their long-held Marrickville family home was transferred into Albanese’s sole ownership, and it remains his primary residence.

Albanese owns another investment property in Dulwich Hill, a two-storey duplex he bought in 2015 for $1.175 million.

The inner west housing market has done well from the Sydney property boom, with the median house price up 9.3 per cent in the 12 months to March, although Marrickville’s housing market has only recorded 3.3 per cent growth in the same period.