During a cost-of-living crisis, Prime Minister Anthony Albanese has bought a $4.3 million beach house.

Andrew Thomson from Stone Real Estate tells 6PR Mornings host Gary Adshead about the property.

“It’s a wonderful spot, barely a couple of hundred metres from the beach, and he’s got an ocean view,” he said

Click PLAY to hear the full conversation.

Image: McGrath Avoca Beach/Domain