The original guide on 20 Ray Ave, Vaucluse, was $20m. It sold for $15,625,000, today’s settlement records reveal.
Dentist Vincent Phung and his BT financial consultant wife Susan have extracted a good deal on the $20m Vaucluse mansion of former Westpac boss Brian Hartzer, paying $15.6m.
The Michael Dysart-designed home at 20 Ray Ave was first listed on February 27, back when the market was rock solid ahead of Easter with the optimistic guide.
Updated property title records today revealed the identity of the purchasers along with the final price.
When contacted tonight, listing agent Brad Pillinger of Pillinger refused to discuss anything to do with the sale, which occurred at the start of April.
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The street facade of 20 Ray Ave, Vaucluse.
Formal dining.
Though under the circumstances of the time, he did well to sell it for what he did.
When the deal was done, the market was in a confused state, with open homes banned and both buyers and sellers wary.
It’s since improved considerably.
Just two months later, Pillinger locked in a $30m sale in Bellevue Hill, when Shay Lewis-Thorp, daughter of the late property developer Bernard Lewis, sold her five-bedroom mansion in an off-market deal to her neighbour Louise Christie.
For the Vaucluse home, Pillinger had dropped the guide to $18 million and had several parties lobbying to buy it.
Japanese influences.
Multiple places to relax.
The home has six-bedrooms, six bathrooms, a home cinema, a gas-heated pool, barbecue courtyard, rumpus room, sauna, a simply amazing temperature-controlled wine cellar and even an eight-car garage with internal access.
But best of all, was the view.
When the home appeared as the Wentworth Courier House of the Week on March 13,
Pillinger had given me a guided tour, offering me a seat on the rooftop terrace.
It’s the highest point in the whole of Sydney’s eastern suburbs and in every direction, there’s a spectacular view.
What a view!
A spacious kitchen.
Right in front was the city, Opera House and Bridge. I could also see Manly and the Heads. Then the ocean and even Bondi Beach.
The Hartzers also own a Pittwater holiday house that they bought last year at Mccarrs Creek for $6.8m.
Their Vaucluse home had previously sold in 2014 — the year Hartzer was promoted to the top job — for $12.75 million.
Hartzer left the bank last November with a $2.69m payout.
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