$10,000 a week: Step inside one of the most extravagant rentals on the market

A sprawling six-bedroom, five-bathroom estate in one of Toorak's most exclusive tree-lined courts has just been listed for rent at an eye-watering $10,000 per week.

Offered by luxury agency Abercromby's, the residence epitomises Toorak grandeur. Behind its manicured hedges and towering faade, a circular staircase sets the tone for a home designed for both scale and spectacle.

The ground floor opens to a suite of formal and casual living areas, a separate study and large den, alongside a chef's kitchen fitted with top-end Gaggenau appliances.

Floor-to-ceiling doors extend to a sun-drenched terrace overlooking a private swimming pool and tennis court.

So far, so Saltburn.

Walk upstairs and take your pick of one of the five bedrooms catered to families and guests alike, while the master suite offers hotel-style indulgence with dual walk-in robes and a spa-bath ensuite.

Lifestyle features rival a five-star resort: a poolside cabana, sauna, gymnasium, and fully maintained gardens and pool service, all included in the rent. Butlers are extra.

Positioned within walking distance to St Catherine's and St Kevin's College, Heyington train station and the Yarra River, the home sits among some of the suburb's most prestigious family estates.

Toorak Village, High Street Armadale and the Monash Freeway are just minutes away so you're never far from designer delights, quick cosmetic tweakments and closing deals on the golf course.

The rental market at the top end

Abercromby's New Business & Leasing Executive, Paul Tunney, said the property arrives at a time when high-end rental demand is outstripping supply.

"As we come into a Spring sales market, what we are finding is our high-net-worth clients who have sold or are looking to sell, are also looking to lease like-for-like homes in the Stonnington market," Mr Tunney said.

"We are working with several private clients with budgets between $5,000-$10,000 per week, looking for extraordinary architect-designed homes by the likes of Rob Mills, Nicholas Day, or Christopher Doyle, for 12-24 months while they are either building or looking to buy into the market."

With limited listings at the upper end, Tunney said competition has become fierce.

"The lack of stock at this time of the year means we are seeing a lot of clients settling for what properties are available, so they don't miss out on living in the premium areas, particularly close to private schooling," he said.

While Melbourne's rental crisis continues to dominate headlines, this Toorak estate represents a very different end of the spectrum, where the 1 per cent keep prestige, privacy and exclusivity in high demand.