Come stay with Australia’s celebrity landlords

1 week ago 12

Toni Watson, aka Tones & I, has her Byron Bay rental property on the market. From funnymen to musicians; sportsmen to PR queens; movie, TV and rugby league stars — celebrities tend to have a deep passion for collecting property. Along with living in often grand homes, they have a range of real estate investments and some are supplementing their incomes with lucrative rent returns. Like many other property investors, some may be a bit cheesed off by recent changes in the Budget surrounding negative gearing and Capital Gains Tax, possibly discouraging further investments. Although existing properties held prior to Budget night remain under the old rules, some celebs are opting to put some of their money elsewhere — even if it means making a loss. Here’s a sample of Australia’s celebrity landlords. MORE Home up for sale next door to Australia’s $300m house TONES AND I 23 Bangalow Rd, Byron Bay has a $1.69m price guide. The property was purchased for $2,125,000 in 2022. It rents out for $1250 per week. Singer-songwriter Tones & I, who joined this year’s season of The Voice which started last night on Channel 7, is set to make a massive loss on one of Byron Bay investment proper...

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