Vaucluse trophy shoots for record

Vaucluse trophy shoots for record

The national auction record is still up for grabs — and the agents committed to selling the Vaucluse home of businessman Alex Ma reckon they’re going to do it.

They’ve got interest from Dubai and China and also eastern suburbs families.

“If we sold it today at auction, we would be setting a record,” BadgerFox agent Peter Leipnik said.

“People aren’t scared of our $30m guide.”

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A five-bedroom waterfront home in Rose Bay with a guide of $25 million narrowly missed out on setting the auction record on Saturday when it passed in after a bid of $23.25 million.

Mr Collier was bound by confidentiality agreements, but other sources suggested the Tivoli Ave home of property investor Stephen Burcher and his wife Melissa, may have fetched just over $24m. The deal counts as a private treaty sale.

High end properties traditionally sell via private treaty, however, strong interest has encouraged agents to put some of Sydney’s most enticing homes under the hammer.

Mr Leipnik and his colleague, Alexander George, have Mr Ma’s seven-bedroom, eight-bathroom home at 20A Vaucluse Rd up for March 18 auction. And they say they’ve seen quite a few buyers who looked at the Rose Bay waterfront, which sold in the days following after passing in for $23.5 million at auction on Saturday.

The Tivoli Ave property had gun-barrel views of the Harbour Bridge and Opera House — and so does Mr Ma’s. Although not on the waterfront, it’s much bigger. “The Rose Bay house was about 650 sqm internally — ours is 1500 sqm so it’s about three times the size,” Mr Leip­nik said.

It’s also in the prestigious Hermitage estate above Justin Hemmes. There were six registered bidders at Saturday’s Rose Bay auction.

But after the vendor bid of $23 million, there was just one actual bid of $23.25 million by a local Chinese family. The purchaser is believed to be another party. The auction was closed to media, but buyer’s agent Simon Cohen was among the crowd of about 100 to attend.

Mr Leipnik said he would consider pre-auction offers. While interest was not yet at the $30 million level — “it’s early days”, he said — it was above the national record.

Mr Ma bought it for $26.5 million in 2017 in a private treaty negotiation.

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