One of the more striking aspects about this article from The Age is the monthly rental price tag for this Toorak mansion. $34,500 per month. $414,000 per year.
Is this exorbitant? Many people would say yes. But perhaps not if you're wanting to rent a property worth between $8.5 and $10 million (the value suggested in the video embedded into the article).
Imagine you owned this property freehold and it was your only investment. It is an investment worth $8.5 million or $10 million. Income of $414,000 on on asset of this is a yield of somewhere below 4.9% or 4.1%, before factoring in other costs associated with owning the property.
From this perspective, you could argue that rent of $34,500 per month is too low!