Federal Budget 2026: what it means for you in the property market

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The trends, features 
and suburbs defining 
luxury in 2026

Situated at 40 Chelmsford Street, Ms Macdonald and Ms Leddy bought the property off Anthony Albanese and his ex-wife Carmel Tebutt and said they sent Christmas cards back and forth for years.

“When we bought the property, Albo came over to talk to us and tell us which night bin night was, and a bit about the local community,” Ms Macdonald said.

“He told us about the local ice cream factory called Dairy Bell.

“He told us not to spend money on the big cone, just get the baby cone because it’s huge.

“And he was right! The baby cone had three scoops in it.”

The property is now on the market again with Ray White Surry Hills agents Moira Verheijen and Shaun Stoker, as Ms Macdonald and Ms Leddy enjoy a sea change.

“We’ve had a fabulous 20 years there. We loved the sense of community in Newtown. All the neighbours look out for each other,” Ms Macdonald said.

“We loved all the restaurants. If you can't find a restaurant you like on Kings St then you mustn't be hungry!

“Just up the road is Campos Coffee which is the best coffee in the world

“The LGBTQIA+ community can feel very comfortable here, and it’s a dog walking paradise.”

Ms Macdonald said the home itself was a leafy oasis.

“It’s very light and airy and has a real sense of character,” she said.

“The house itself is over 100 years old but it's been modernised.

“We had a gazebo built upstairs so we could look out over the back garden which was lovely.

“Albo also used to have a separate office space out the back which we maintained.”

Ms Verheijen said the three-bedroom, two-bathroom home was sure to attract a lot of interest.

“This double-fronted Newtown home is ideally located in the lifestyle pocket between King Street and Camperdown Park,” she said.

“It’s perfectly placed to enjoy the area’s vibrant cafe and dining scene, parklands, sports facilities and renowned organic eateries. It also sits within the Newtown Performing Arts High School catchment.”

She said the home was a rare inner-city sanctuary.

“The immaculately presented residence is designed for relaxed entertaining with seamless flow between the interiors and alfresco spaces, opening to a sunny north-east facing courtyard garden.

“A dramatic skylit entry with soaring 6m ceilings creates a striking first impression while generous proportions and clean contemporary finishes bring a sense of calm and functionality throughout.”

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