Palm Beach penthouse leased for $4k a week

15 Jefferson penthouse has been leased for $4,000 a week
THE Gold Coast’s most expensive rental apartment has been leased for a whopping $4,000 a week.
Listing agent Simone Knight, of Burleigh Properties GC, said the tenants had paid the full nine months’ rent upfront to secure the beachfront penthouse.
The three-bedroom apartment in the exclusive 15 Jefferson tower at Palm Beach was snapped up after just four days on the market.
It was the priciest unit listed for rent on, and was advertised for $3,700 plus bond of $14,800.
But Ms Knight was inundated by cashed-up hopefuls offering to up the rent to call the penthouse home, with eight groups shown through before the lease was finalised.
The penthouse sold for $7.5m last year
Features include Italian veneer cabinetry and French oak flooring
“The owner wanted it leased straightaway and I said, I can’t guarantee how many people are going to find that rent affordable,” she said.
“I had so many people call me and I leased it in four days for $4,000 a week and they paid it all upfront.
“People were begging for it — I couldn’t believe it,” she said.
The new tenants were a family whose dream home build had been delayed by construction material and labour shortages.
By comparison, a sprawling six-bedroom luxury acreage property at Tallebudgera Valley was available to rent for $3,500 a week, while a designer four-bedroom family home at Mermaid Beach was $3,000 a week.
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Another glamorous near-new apartment on Mermaid Beach’s Hedges Ave — known as Multimillionaire’s Row — is advertised for $3,200 a week.
Property records show the Jefferson Lane penthouse sold for $7.5m in July last year. The owners had moved out due to a change in their family circumstances.
Property features include three ensuited bedrooms, two of them with private balconies, French oak flooring, marble benchtops, and floor-to-ceiling windows capturing sweeping ocean views.
There’s also an expansive private rooftop terrace with pool, entertaining lounge and barbecue kitchen.
Latest PropTrack data shows rental prices for apartments in Palm Beach were 25 per cent higher than a year ago.
Median weekly rent in the sought-after southern suburb rose from $500 to $625 a week across all units.
Rooftop entertaining
The tower was completed in December 2020
The Coast’s most expensive rental house is an oceanfront Main Beach mansion with a $7,500 weekly asking price, plus an eye-watering $30,000 bond.
The four-bedroom property is listed with three separate agents.
Kollosche leading business development manager Katie Dalton said demand for premium rental properties like these was less than for more affordable housing.
“The rental crisis hasn’t affected that more prestige market quite as much as for properties priced at $1,000 and lower,” Ms Dalton said.
“Stock levels are still low but we haven’t quite seen that desperation as much in the prestige rental market, although as we move into the warmer months we always see an increase in inquiry that’s very much driven by the lifestyle opportunity of living close to the beach.”
Kollosche’s most expensive rental listing is a recently renovated four-bedroom estate fronting Main River at Isle of Capri, available now at $4,000 a week.

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