Breaker Bay sale record
Thursday 18 November 2004
A Breaker Bay home has sold for $915,000 – believed to be a record price for the seaside suburb.
By The LandlordThe house at 182 Breaker Bay Rd, which has two or three bedrooms, was sold at auction to a South Island couple moving into the area.
Seatoun real estate agent Ted Jewett said the price was almost $200,000 higher than the previous highest sale in the bay last year.
The owners had bought the house for $605,000 in April last year – a record
price at the time, Mr Jewett said. They had since spent about $200,000 on improvements.
Read More - Opens in a new window
Commenting is closed
There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.
Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.
LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.