At a jaw dropping $40,000 a week, a Bellevue Hill mansion known as Barford commands more rent per week than a decent deposit on a small home in Sydney! The heritage-listed mansion is owned and occupied for most of the year by property developer Ian Joye and his wife Maggie and is advertised as a Christmas holiday house, however the home can be rented out for longer periods. Apparently the home was leased for two years to a tenant from Azerbaijan with mining interests, at $40,000 per week, you do the math.
The sprawling mansion is a Georgian masterpiece, with 10 oversized bedrooms, designer furniture, a gourmet chef’s kitchen (that is bigger than most Sydney apartments), it comes complete with staff to round off the luxury experience.
According to Michael Krimotat Director at Ray White Double Bay “Sydney’s top-end rental market is a lucrative business, we are dealing with celebrity clientele as well as business men and entrepreneurs from all over the world.” He went on to state “If you are not in the 1% of people in the world who can afford to rent Barford, you can pick up a four-bedroom home for $1,950 per week in the area.”
Last week we held our annual Ray White Double Bay Kick Start event in the Hunter Valley. A great opportunity to build as a team for 2021 but to also improve and hone our skills as Real Estate professionals. Jet Xavier introduced our agents to his High Performance Human Program … Read more
After a challenging year I am so proud of the team for the amazing results we have achieved. Close to a billion dollars in sales for 2020 is nothing short of phenomenal. Thank you to the entire office for all their hard work and professionalism. I’d also like to thank … Read more