Singer-songwriter Ricki-Lee Coulter has just spent $3.5m on a new home in one of the most sought-after areas in Sydney but she isn’t even planning to life there.
Singer-songwriter Ricki-Lee Coulter and her manager husband Richard Harrison have become Sydney landlords, possibly signalling a more permanent time in the inner city.
They have spent $3.505m on a newly renovated three-bedroom, two-bathroom terrace in Redfern, but will not be moving in just yet.
As landlords, they have sought $1650-a-week tenants, which reflects a modest 2.45 per cent rental yield. Coulter, who turned 40 this month on Hamilton Island, holds a 99 per cent stake.
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Ricki-Lee Coulter and husband Richard Harrison have a new home.
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The couple are committed to renting a luxury three-bedroom apartment in The Residence, overlooking Hyde Park, on the Sydney CBD fringe at about $4000 a week after selling their Avalon home for $2.845m in 2023.
The couple had been dividing their time between the Northern Beaches and the city for more than a year before the 2023 sale.
The Residence is the same apartment complex where fellow singer Delta Goodrem owns a two-bedroom two-bathroom apartment bought for $4.8m in 2018.
Goodrem and her husband Matthew Copley have been reported by news.com.au to have inspected an oceanfront Dover Heights sale listing.
Coulter’s 1900s Redfern terrace last sold for $1,135,000 in 2010.
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The Redfern home’s renovation featured a galley-style gas stone kitchen with Bosch gas appliances.
The home sold for $3.5m
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Its renovation featured a galley-style gas stone kitchen with Bosch gas appliances.
Its casual living area opens to a courtyard with integrated barbecue and built-in seating.
There is rear-lane access.
Each of the front living and dining spaces have a restored fireplace and high ornate ceilings. The 130sq m holding sold through Ray White Touma Taylor in just over three weeks on market.
It went up for rent through rental agency Preferental, which was established last year by Kate Lorden and Veronica Morgan.
The median three-bedroom house value in Redfern is $2.2m, up 3.7 per cent in the past 12 months, based on 35 sales, according to PropTrack. Its three-bedroom terraces typically rent out for $1100 a week, with an annual gross rental yield of 2.6 per cent, PropTrack calculates.
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The couple have sought $1650-a-week tenants, which reflects a modest 2.45 per cent rental yield.
Plenty of character.
In the beautiful old terrace.
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The Nova FM drive time co-host and Harrison called Avalon Beach home for nearly a decade before selling two years ago.
The 1990s house was bought for $1.1m in 2014, a year after the couple tied the knot in Paris. Coulter told her 624,000 Facebook followers she was planning their return to the City of Love.
The couple first called a Bondi rental apartment home together about 2010, a year after they met at the Esplanade Hotel in Melbourne.
Coulter is performing at the Beresford Hotel, Surry Hills, this weekend to celebrate 14 years of Beresford Sundays.
Her Nova FM co-presenter, Tim Blackwell, recently – sold his former matrimonial home in Stanmore for $4.65m.
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Ricki-Lee Coulter performs on Australian Idol in 2004. Picture: Supplied
In February Coulter revealed how she really felt after shooting to fame in 2004’s Australian Idol. Back then, she was voted out in sixth place but 20 years on, she said she felt “robbed.”
“Do I think I was robbed?” she told TV Week. “Well … sure. I don’t think I chose the right song for Beatles night. But I was a teenager and only listened to hip-hop or soul music so I didn’t know many Beatles songs unless it was a cover [by another artist]. That’s why I got voted out. But everything else was perfect in the lead-up.
“I kind of loved that it happened though. I’ve been able to carve out my career in a way I may not have been had I won.”
+ Additional reporting James MacSmith
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