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.”
Ray White Double Bay has celebrated yet another impressive auction result with the sale of 4/5 Bradley Street, Randwick, with 7 registered bidders for $1,650,000—an outstanding $250,000 over the reserve price of $1.4 million. The campaign, led by Team Markovics, attracted significant interest, with nine registered bidders and a fast-paced … Read more
In true Ray White Double Bay spirit, we brought together 80 members of our network for a day filled with camaraderie, fun, and a little friendly competition – the best way we know how. The annual golf day provided the perfect opportunity to connect with colleagues, clients, and friends while … Read more