LAWRENCE SMITH/Stuff
Graham Wall and sons, Ollie (left) and Andrew (right), run a family real estate business from their property on Tole Street, Ponsonby, Auckland.
Real estate tycoon Graham Wall says his multi-million dollar family business is 80 per cent good luck, and 20 per cent excellent good luck. He holds the record for the most expensive property ever sold in New Zealand, a seven-bedroom clifftop mansion that fronts Paritai Drive in Auckland went for $38,500,000 in 2013 to China-born businessman Deyi Shi, the chairman of Oravida Group. The property was developed by former Hanover Finance director Mark Hotchin. Wall reckons he “could sell that house for $55M this afternoon”, but that’s not how the luxury real estate industry works in this country. “Only a handful of houses will ever sell for above $20 million in New Zealand.”
Deal will see Mark Hotchins FAI Money paid but newer creditor disputes divvy-up.
Those left standing in a long-running court case have agreed on who should get what from an almost $1 million sale of forestry land in Northland.
But at least one
Pending sale could set new record for most expensive New Zealand residential property
19 Jan, 2021 04:50 AM
3 minutes to read
Plans for the super penthouse interior. Photo / Supplied
A new national residential record could be set if a super penthouse at the top of New Zealand s tallest apartment building sells for around $40 million. Liz Scott, general manager of Hengyi New Zealand, said previous records could be overtaken by the sale of the two-level property on levels 53 and 54 of a building her company developed. The super penthouse has not gone unconditional but we have had an offer and yes it s acceptable to us, Scott said of that unusual property in The Pacifica between Commerce St and Gore St near the Britomart in downtown Auckland.
Letters: Covid lessons, TEC funding cuts, John Roughan and summer TV
1 Jan, 2021 04:00 PM
8 minutes to read
NZ Herald
Letter of the week: John Ford, Taradale If there is one thing I have learnt this past year, it is this: we can do things if we want to.
We had money for everything Covid. We could create jobs, we could extend immigration and we could afford to fill the car with petrol.
We could get to the South Island on a budget never before seen, Queenstown actually valued the Kiwi visitor.
Many ivory castles were destroyed by Covid. Where there was a bureaucratic minefield of rules and regulation, somehow, they were excused in 2020.