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Is this Australia’s most expensive rental property?

In an astonishing twist in the Australian real estate market, a lavish rental property in Bellevue Hill, Sydney, has emerged with a jaw-dropping bond requirement of $100,000.

The luxurious family estate, situated in the exclusive Eastern suburbs, is currently available for rent at a staggering $25,000 per week, equating to an annual rent of $1.3 million, according to realestate.com.au.

The eye-catching rental price stands in stark contrast to the area’s median rent, which sits at a modest $2547, experiencing a notable 21.3 per cent increase over the past year.

The property, located on Victoria Rd, offers a one-of-a-kind living experience with breathtaking Sydney Harbour views spanning across three levels of a Victorian-style home.

Featuring a grand marble entry foyer, a stunning staircase, decorative high ceilings, formal lounge and dining areas with marble fireplaces, and a Victorian kitchen complete with a butler’s-style pantry, this residence exudes opulence at every turn.

A “vast” wine cellar, billiard parlour, and a luxurious master suite with a walk-in wardrobe, ensuite, and a secluded balcony overlooking the Harbour are also part of the package.

Outside, terraces offer panoramic views of the manicured gardens, a tennis court, and a resort-style pool, making it a dream for those seeking an exclusive lifestyle.

The listing describes the property as having “remarkable north-easterly panoramic views across the harbour towards Point Piper and Mosman” and boasts five bedrooms, six bathrooms, a stately office, a tennis court, a sun-drenched resort-style pool, numerous entertainment spaces, and a double lock-up garage.

The home is available furnished or unfurnished.

The property’s history reveals that it changed hands in 2002 for $6.8 million, purchased by an investment banker and his then-wife, according to media reports from that time.

This remarkable rental listing has certainly raised eyebrows in the world of Australian real estate.

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