It’s probably our greatest national obsession. Property: buying it, selling it, how much it costs and how hard it is to afford. 

This week Prime Minister Anthony Albanese made headlines when it was reported he had bought a $4.3 million ocean-front beach house at Copacabana on the NSW Central Coast. 

Albanese said the purchase was made in contemplation of his changing personal circumstances. He is set to marry his partner Jodie Haydon, who grew up in the area and whose family still lives there. 

But the optics were unbelievably bad. Australia is in the midst of a cost of living crisis, and the related housing affordability crisis is one of the main, if not the main, issues for the next election.

Joining Jacqueline Maley to unpack all this is chief political correspondent David Crowe and national affairs editor James Massola. 

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