★ A non-partisan public service announcement

What incredible luck, Albo.

The Prime Minister sold his investment property and claimed the 50% CGT discount. Then he scrapped it for everyone else. What are the odds?

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Anthony Albanese caricature
The House Always Wins
The Lucky Joker
♠ He played  ·  ♥ He won  ·  ♦ You lost  ·  ♣ Rules for thee, not for me
Six events · Six wins

Albo’s Lucky Timeline

What are the odds?

2015
Albanese purchases a Marrickville investment property.
✓Great investment
2022
Elected Prime Minister of Australia.
✓Career high
Early 2025
Sells the Marrickville property for a significant profit — and pockets the 50% CGT discount.
$7$♣$7$♣
$♦$7$♦$7
$7$♠$7$♠
Cha-ching
May 2025
Wins re-election — on a promise of no changes to negative gearing or capital gains tax.
✓Voted in on it
12 May 2026
Budget Night: abolishes the 50% CGT discount — for everyone else.
✓Already sold
1 July 2027
New CGT rules commence. Every other Australian investor pays more.
✓He’s cashed out

“If this happened to a CEO, we’d call it insider trading. When it happens to a Prime Minister, they call it ‘reform.’”

Follow the bouncing ball

The Property Trail

He bought. He held. He cashed out the investment property — then settled into a $4.3 million clifftop mansion. All perfectly legal. All under the rules he’s now closing behind him.

2015 🏠

Dulwich Hill

Sydney inner-west · the investment property

$1.18m
Bought as a rental investment
2022 🏡

Marrickville

Family home · wins election, moves to The Lodge

< $1m
Reportedly since more than doubled
Nov 2024 💰

Sold Dulwich Hill

Tenant moved on · sold after 9 years

$1.75m
~$575k profit · eligible for the CGT discount
Oct 2024 🏖️

Copacabana

The one big house · clifftop, ocean views

$4.3m
Bought mid–housing crisis
Reported portfolio value
~$7 million

The man closing the door on the 50% CGT discount walked through it himself on the way to the clifftop. What incredible luck.

Figures from public reporting (Domain, SBS, Smart Property Investment, Reuters), 2024. The Dulwich Hill investment property was bought in 2015 for $1,175,000 and sold in late 2024 for $1.75 million. Albo’s Luck is political commentary; the CGT-abolition scenario is illustrative.

Do the math

The Hypocrisy Calculator

Punch in your numbers. See what Albo would have paid — and what you will.

Your investment
$620,000
$1,180,000
10 years
The verdict
Capital gain on paper
$560,000
What Albo paid — old rules, 50% discount
$131,600
What you’ll pay — new rules, no discount
$216,418
The difference · 1.6× the tax Albo paid
$84,818

Illustrative only · assumes the top-bracket effective rate of 23.5% for Albo and indexation at 1.5% p.a. for you. Not tax advice. Obviously.
Same discount · Two outcomes

Rules for Thee, Not for Me

♣

Albo’s deal

Bought a property. Held it for years. Sold for a profit. Claimed the 50% CGT discount. Paid roughly 23.5% effective tax on the gain. Then abolished the discount for everyone else.

♦

Your deal

Buy property or shares after May 2026. Hold for years. Sell for a profit. No 50% discount. Pay 30–47% on the inflation-adjusted gain — up to double what Albo paid.

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The question

If the 50% discount was such bad policy, why did the Prime Minister use it himself right before abolishing it? And why didn’t he mention he’d abolish it before the election?

Three quick questions

How Lucky Are You?

Are you as lucky as the Prime Minister? Let’s find out.

Live · updating now
187,432

Australians have pledged not to reward the hypocrisy.

Goal: 250,000 75%

Pledges by state

Make it count

Pledge Your Vote

The pledge

“I pledge that I will not vote for any senator or political party that supports the CGT changes. I notice the Prime Minister sold his own investment property under the old rules before changing them for everyone else. I’d like the same deal he got.”

On submission we email all senators for your state. We never share your details. Pledging takes ten seconds — less time than it took Albo to sell.