IT’s midwinter and many eastern suburbs agents and their wealthy clients are preparing to head to warmer climes for a holiday — just as demand for prestige homes seems to be warming up.
There have been a string of top-end sales in recent days, including a Point Piper waterfront for $21.8 million; a Bellevue Hill mansion for about $16 million and a Dover Heights clifftop home that had a $9.5 million guide.
Riding the post-election wave of optimism, some vendors are glad they’re sticking around — listing their properties now with August auction dates to beat the rush of spring listings.
Dean Parkinson, long-term Chadwicks model and founder of the Honeywagons fleet of makeup vans and his wife, Deborah, have just listed the Tamarama home
They’re quietly confident ahead of the August 3 auction for the three-bedroom, two-bathroom home with a garage and ocean views at 6 Kenneth St, which has a guide of $4.25 million.
“This is the best street in Tamarama,” Mr Parkinson said. “I can get up in the morning, put on my boardshorts and run down to Tamarama or McKenzies.
“I don’t even have to take a towel.”
The couple bought the property for just $130,000 back in 1984 and have since rebuilt it. After 35 years, they’re ready for a change and they took the advice of their McGrath agent, Simon Exleton who said he told them: “Let’s hit the market now, when there’s no other stock competing … it’s the quietest we’ve seen — this will be the only property for sale in Tamarama.”
Buyers don’t stop looking when the weather changes.
Despite working overseas, Camilla and Marc fashion designer Camilla Freeman-Topper and husband David Topper have had buyer’s agent Simon Cohen scouting for a new home for them.
The search ended on Saturday, when they bought the Drumalbyn Rd mansion once owned by former PM Sir William McMahon, for about $16 million, through Sotheby’s International managing director Michael Pallier.
He had an independent valuation of $15.5 million to $17.5 million.
Owners Yellow Brick Road executive Jamie Schwarz and his wife, Amber, of the RPM electrical family, are moving to the almost new Vaucluse home of Mark and Anna Pasternak’ that sold for $15.1 million through Mr Pallier and Laing and Simmons principal D’Leanne Lewis in April.
Also sold in recent days was billionaire Richard Enthoven’s waterfront at 7 Wunulla Rd, Point Piper, for $21.8 million.
And Steve and Ilana Penn’s $9.5 million architectural masterpiece, ‘The Cliff House’ at 8 Wentworth St, Dover Heights, sold through Mark and Barry Goldman of Sotheby’s International.