First trailer for Baz Luhrmann's The Great Gatsby makes stylish debut

09:40 (GMT+2) Wed, 23 May 2012

IT'S one of the most anticipated cinema events of next year and after months of waiting the trailer for Baz Luhrmann's The Great Gatsby is finally here.

The first peek at the epic period drama has debuted online and the reponse so far has been overwhelmingly positive.

Filmed throughout Sydney late last year, it stars Leonardo DiCaprio as the pivotal character Jay Gatsby in the re-telling of F. Scott Fitzgerald's classic novel.

The trailer footage has already been described as "visually stunning" and "quite simply spectacular".

The Great Gatsby stars Carey Mulligan, Joel Edgerton, Tobey Maguire and Isla Fischer.