Australia’s most outrageous rents

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How does a rental income of $12.5k per week sound? This is what the owner of an extravagant Sydney apartment expects his property to fetch. Or how about $4.25k per week for a four-bed house in Port Hedland, or $3.8k per week for a seven-bed house in Moranbah? Your Investment Property reveals some of the highest asking rents on the market.

Advertised as a “lives of the rich and famous – one of the world’s great apartments”, this opulent waterside apartment in Pyrmont is on the market for an incredible $12,500 per week. So what do you get for your money?

The harbour-side property has five bedrooms, four bathrooms, a private lobby, a martini bar, a “sumptuous” master suite with his and hers bathrooms and a wine cellar for starters. It also offers what it calls “exclusive access” to a 60ft Sunseeker cruiser, but you’ll have to shell out a separate day rate to make the most of that privilege.

Perhaps unsurprisingly, Sydney’s prime suburbs serve up the lion’s share of Australia’s outrageous weekly rents. Take this extravagant estate just north of the Sydney Harbour Bridge in Kirribilli, for example, which is on the market for a cool $6,500 per week. Or how about this “magnificent family home” in Vaucluse, which is yours for just $6,000 per week? If that’s not quite to your taste, then this modern five-bedroom palace in Bellevue Hill might fit the bill if you have $5,500 per week in spare change. 

That’s not to say that the country’s other major cities don’t offer rock star rental properties. Take this “prestige European design executive home” in the Melbourne suburb of Brighton, for example, which is advertised for a whopping $4,500 per week. Or for $3,000 per week it’s possible to rest your head in this waterside mansion in New Farm, Brisbane.

But it’s not only the prestige suburbs in our state capitals that contain some of the country’s highest advertised rents. The mining boom has pushed rents in certain areas up to unbelievable levels.

Take this modern looking four-bedroom, two-bathroom house in Port Hedland for example, which is on the market for an incredible $4,250 per week. Meanwhile, this seven-bedroom, three-bathroom home in Moranbah is advertised at $3,800 per week.

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