PHOTO: The Bruce Stafford-designed residence in Vaucluse is being prepared to return to the market.
As the spring selling season kicks off on Sunday, the trophy home market is on track to record the worst run of big-ticket sales since 2012 amid fears one of the year’s few such top-end deals is set to fall over.
There have been only a handful of sales to scrape into the rarefied $20 million-plus trophy home range this year, the highest of which was an exchange of at least $28 million on the Vaucluse mansion of press scion Alexander Ma.
Following widespread rumours among prestige agents that the sale had collapsed, the agent who sold it, Peter Leipnik of BadgerFox, confirmed settlement had been pushed out a few times since it exchanged almost six months ago.
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