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In an industry riddled with rockstars, Adam is focused on results and reputation.
His late father reinforced in him the adage that "it takes many good deeds to build a good reputation, and only one bad one to lose it."
That's the ethos that underpins Adam’s approach as a young agent who has already notched up many notable sales.
The 28 year old agent with powerhouse Ray White Double Bay is on his way to become one of the city’s best prestige agents.
Not many agents in the country will ever get the chance to sell a house for more than $50 million.
But in February 2024, Adam was offered the honour of selling one of the harbour city’s most beautiful homes for some family friends.
That stunning Point Piper mansion at 69 Wolseley Road sold this week for $55 million.
The property has been owned by Retail Apparel Group co-founder Stephen Liebowitz and his wife Pam for almost 21 years.
“My family had a connection with the Leibowitz family that dates back to South Africa. And I was so honoured that they selected me to sell their home that they have enjoyed for many years," he said.
“I will never forget where I was when they said: “we want you to sell it!”
Adam was standing in their living room - with gun barrel views of Sydney Harbour - on their first appointment.
Adam has been working in real estate since he was 19.
“I have been at Ray White Double Bay for 8 years now and started off as a sales associate. I have always enjoyed dealing with people and I am passionate about property.
“I went on a gap year to Europe after school and got straight into sales after my trip.
“I have never looked back.”
His sales record is impressive for someone so young.
He has sold more than $800 million worth of property in his career to date with his mentor and principal Elliott Placks and other agents at Ray White Double Bay.
His advice to other young agents who are interested in working with high net worth clients is to find a mentor and partner with them.
“Elliott taught me to always provide great information that is relevant to our clients and assist them with their real estate needs," he said.
“Always be of service and remember real estate is always based on relationships.
“Our clients own the property so you have to get along with the people.
“Transparent and honest advice is critical.”
When it came to 69 Wolseley Road, Point Piper, Adam Reichman and Elliott Placks knew it was less about speed and more about precision. The house took 220 days to sell.
“Selling a property of this calibre naturally takes time, it’s about finding the perfect alignment between the home and the right buyer.”
The duo conducted 45 private inspections, many of whom returned multiple times.
They also facilitated 100 virtual inspections, accommodating interstate and international interest.
“We experienced strong interest in the property, driven by its impressive scale, distinctive architecture, and prime location. Its privacy and bespoke finishes further heightened demand, as homes of this significance rarely come to market. Notably, we attracted considerable international interest, with buyers from Asia and Europe actively engaged throughout the campaign.”
Adam says the buyers were particularly drawn to the property’s front-row seat to Sydney’s most iconic landmarks.
“We're continuing to see strong demand at the prestige end of the market, particularly for turnkey properties that offer both lifestyle and long-term investment potential. Despite broader economic headwinds, the ultra-high end segment remains resilient, driven by scarcity and buyer confidence.”
“It was a true privilege to be entrusted with the sale of this incredible home.
“I’d like to sincerely thank my clients for their confidence and trust throughout the process. I also wish the new owners many happy years ahead in what is a remarkable residence.”
Adam is also a proud ambassador for the Motor Neurone Disease Foundation in Australia after this disease tragically took his father.
Adam has made it his mission to support and advocate for the Motor Neurone Disease Foundation Australia, in hopes that one day this disease would never impact another family the way it has his.
