A luxurious six-bedroom penthouse in Sydney's CBD, The Residence, is being rented out for up to $250,000 per week during the summer holiday season. The penthouse, catering to high-profile clientele, boasts a rooftop pool, wine cellar, and other exclusive amenities. The demand for luxury holiday rentals in Sydney is high this summer, with a mix of first-time, returning, and local travellers seeking upscale accommodation experiences.
The elite are spending up to $250,000 per week to stay in a six-bedroom penthouse in Sydney for a summer holiday, ideal for watching the New Year’s Eve fireworks. Contemporary Hotels’ The Residence in the heart of the CBD is fit for Hollywood stars, royalty, dignitaries and billionaires.Contemporary Hotels The nightly rate is $75,000 with a minimum two-night stay, but cashed-up holidaymakers can get a discount if they stay for the week, paying $250,000.
There is a rooftop pool, wine cellar and “floristry room”, and services include a full-time chef, butler, personal trainers, cleaning staff and chauffeur, plus discreet private lift access from Pitt Street. Contemporary Hotels chief executive Matthew Fleming said travelling into Sydney is strong this summer, with a mix of first and second-time travellers, returning expats and Aussies looking to spend Christmas locally at their range of holiday homes. “People are now ready to holiday at home. We’ve got many bookings, particularly Australians who live in Sydney and want to spend Christmas at Palm Beach for example,” Fleming said.Contemporary Hotels Fleming’s clientele are willing to pay up to secure properties with al fresco communal dining spaces, great lawns and swimming pools. “When people spend tens of thousands, sometimes $100,000 for a holiday retreat, they’re looking to make the most of it,” he said.The Gibson in Vaucluse is a six-bedroom home set among subtropical gardens with direct access to the harbour, a sauna and steam room. It will set the holidaymaker back $70,000 for the week. The Residence is in the heart of the CBD and is fit for Hollywood stars, royalty, dignitaries and billionaires.For $30,000 per week, guests can soak up uninterrupted Sydney Harbour Bridge views at The Wharf Birchgrove, or relax by the infinity edge mineral pool at The Curve in Palm Beach for $40,000 per wee
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