Spring has nearly sprung, get set for the $20m listings

It’s starting to feel a lot like spring, with the weather improving and the first trickle of glamorous luxury homes that Sydney’s east is famous for starting to appear.

One of the most impressive is 33 Vaucluse Rd, which property records show has been owned by the Tsipris family for nearly 40 years.

The double-storey modernist six-bedroom residence, with three bathrooms and double garage on an 824sqm block, offers panoramic harbour views taking in the Bridge and Opera House, and is built directly opposite the Hermitage foreshore walk and Strickland House.

Records show they’d bought it for $760k in 1985.

It’s set for a September 25 auction with a $20m guide, which seems to be the norm for a family home with an iconic view like this in Sydney’s east today.

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Rising Ray White Double Bay star Adam Reichman, recently named an associate director who sold the Liebotwiz family’s Wolseley Rd, Point Piper mansion for a whopping $55m in June, has scored the plum listing.

“It’s a once in a lifetime opportunity and the owners have loved living there,” Reichman said.

There’s an internal lift, harbour-facing balcony, quality granite kitchen, pool and an enormous rooftop that offers huge potential.

Reichman is upbeat heading into spring.

“I’m seeing a lot of confidence and positive sentiment in the luxury market, with the eastern suburbs a safe haven” he said.

“There’s an influx of local buyers and also expats.”

He expects listings to ramp up over the next four to six weeks.

“It’s a really good time to be considering selling,” Reichman said.

“The luxury market is holding up really well, and when vendors see strong results that will encourage more to list.”

He highlighted Bellevue Hill and Vaucluse as particularly strong.

Eastern suburbs veteran Brad Pillinger of Pillinger said listings were a little down on the same time last year.

“But prices are up,” he said.

“Everything has come together to suggest it will be a strong spring in terms of both turnover and outcomes for vendors.

“Demand strong with interest rates heading south, optimism about what’s ahead, not as much stock as usual, again pushing pricing up.”

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