$3m for flat with sea view

Monday 19 January 2004

Well-heeled Wellingtonians have joined the stampede for a slice of New Zealand waterfront and are paying record prices for it.

By The Landlord

Eager buyers have snapped up all 66 apartments planned for an exclusive residential complex in the former Herd St Post and Telegraph Building, with the luxury penthouse suite fetching a record price of nearly $3 million.

Details of the new owners and the exact price are still confidential. However, it eclipses the previous highest sale price for an apartment in the Capital, $1.85 million for an Oriental Pde apartment in 2002

Read More - Opens in a new window
Commenting is closed

Property News

Auckland sees highest sales since 2015

The SuperCity turned in its strongest housing sales performance in a July for five years last month, new data from Auckland’s biggest real estate agency reveals.

House Prices

Demand is keeping prices resilient

Stronger than anticipated demand from property buyers is helping to keep prices nationwide buoyant – and solidly up on last year - in the post-Covid housing market.

Commercial

Augusta Capital takeover bid now unconditional

ASX-listed Centuria Capital has declared that its takeover of New Zealand property funds manager Augusta Capital is now unconditional, as it has secured nearly 66% of Augusta’s shares.

Mortgages

ANZ eases servicing test

ANZ has become the latest bank to ease its servicing test criteria for borrowers, reflecting the lower interest rate environment.

Site by PHP Developer