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.”
After a bumper April, the team have managed to surpass their sales record again, with the month of May setting a new record of over $255,000,000 of transactions! With 69 properties sold, we are so happy to have helped 140 individuals and families to the next stage of their lives … Read more
A masterclass from Warren Ginsberg and Elliott Placks on how to correctly take advantage of the market and deliver the best results for their clients. Congratulations to our vendors and the lucky new owners of this luxury home! Demand continues to grow in the eastern suburbs as stock levels combined … Read more