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.”
There isn’t a trophy cabinet big enough to hold the awards collected by the team at Ray White Double Bay at the annual Ray White awards, held this week. Principal Elliott Placks said that while it was strange not taking the whole team, dressed up in their black-tie finery, to … Read more
DESPITE the COVID-19 pandemic, an Associate Director and Sales Executive from the most successful Australian real estate business within the Ray White network has sold six properties totalling more than $15,500,000, in just 10 days. The highlight of the six deals was the $3,500,000-$3,700,000 sale of 1 Shaw Street (pictured above) in … Read more