Anthony Albanese pulls his $1.9million investment property from auction after failing to receive any firm commitment from buyers

Prime Minister Anthony Albanese has pulled his investment property in Sydneys Inner West from going to auction on Saturday, after evicting his tenant following years of half-market rent.

The three-bedroom townhouse at 29B Lewisham St in Dulwich Hill was slated to go under the hammer at 11am, October 12 with a $1.9million guide after it was purchased by the PM for $1.175million in 2015.

Instead, The Agency Inner West real estate agent Shad Hassan revealed this week that with no firm commitment from an interested buyer, they decided to instead put an asking price on the home.

Albo and I decided that its best not to waste time, its definitely worth the money and well be having people come take a look at it over the weekend if we put an asking price on it, he told realestate.com.

The move to nix the forthcoming auction is only the latest in a long line of controversies for Mr Albanese surrounding the property, specifically the forcing out of his longtime tenant earlier this year.

The prime minister signalled earlier this year that he intended to sell the property so as to simplify his financial affairs ahead of his upcoming wedding to longtime partner and now-fiancé, Jodie Haydon.

The move meant that Jim Flanagan, who had rented the townhouse home for four years, was going to be evicted and was issued an eviction notice giving him just 90 days to leave in May this year.

At the time, Mr Albanese told the ABC the rent, cut to $680-a-week during Covid - opposed to the $800-$1,200 for comparable properties in Dulwich Hill - and never raised, was half market rent.

Prime Minister Anthony Albanese (pictured with fiancé Jodie Haydon) has pulled his investment property in Sydney s Inner West from going to auction on Saturday

The three-bedroom townhouse at 29B Lewisham St in Dulwich Hill (pictured) was slated to go under the hammer at 11am, October 12 with a $1.9million guide

The investment property (pictured) was purchased by the PM for $1.175million in 2015

For his part, Mr Flanagan - who runs a venue in the same area - told the Daily Telegraph in May that the eviction notice had hit him like a steam train and lashed out at Mr Albanese.

This will kill me, its a crippling blow right now. I have mixed emotions in calling this out. I voted for Albo at the last election and am broadly a supporter of his policies, he told the Daily Telegraph.

He has every right to seek to sell his assets... on one hand hes trying to be sympathetic with the majority of Australians who are, like me, finding the current climate extremely challenging.

The eviction came after the announcement of a $1.9billion cost of package to cut rental costs for vulnerable Australians in the federal budget which was handed down that same month.