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Here are the priciest house sales of 2021
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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.”
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.
That sale was of a plush four-storey house, on a 1480sq m section, at 7 Rarere Road in Hauraki. It sits right on Takapuna beach and boasts views of Rangitoto and the Waitemata Harbour. It was sold to a North Shore family for $12.25 million back in February, although settlement was in October. That price tag put the sale more in line with the top sale of 2019, which was for a $15.5 million Queenstown property. While there were concerns that the fallout from Covid-19 could affect properties at the higher-end of New Zealand’s market, agents have said they were still selling well.
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