What's selling where... And for how much
54 Wellpark Ave, Grey Lynn. Sold $1.635. 3bd/1ba. Floor area of 138 and land 526. CV $1.4
Top price fetched in 2014 in AKL was $7.8 million for a penthouse
The top 10 highest-value sales, totalling $69.6 million, all occurred in Auckland. The properties' combined capital values amounted to $58.13 million. The top of these was a penthouse sold to a hedge manager based in Singapore for $7.8 million.
Russian Billionaires $50 milllion Helena Bay house nears completion.
The Russian Billionaire Alexander Abramov's house in Helena Bay nears completion with an estimated cost of $50 million. The announcement comes that not only will this be a house of the billionaire, they plan to use it as a luxury lodge for commercial use. Rental estimates are roughly $2,500 to $5,000 a night, depending on which lodge you'll spend your time. Helena Bay is approximately 2.5 hours north of Auckland. This is a prime example of how foreign investment can be beneficial to the NZ economy. Many people including local Iwi have worked on the project, completing apprenticeships, and also future plans to employ locals are in place.
There's now 31 Auckland suburbs with average sale prices of $1 million
There's now 31 Auckland suburbs with average sale prices of $1 million. Top suburb Herne Bay inching closer to $2 million currently at $1.88 million.
Auckland rents up 2.2% compared to NZ avg of 5.3%
Auckland rents up 2.2% compared to NZ avg of 5.3%. Auckland median rent is now $460 per week compared to $400 nationally. Will we start seeing Auckland rents increasing to follow the sale prices of houses in the region? Let us know your thoughts below.
Waiheke home sells for $14 million
Businessman Mark Hotchin and partners sold a home on Waiheke for $14 million. The house has been on the market since 2012. Read more here. http://m.nzherald.co.nz/property/news/article.cfm?c_id=8&objectid=11375899
Own an entire island... $40 million
An entire island (Pakatoa island) is up for sale. Freehold Island approximately 60 acres right beside Waiheke Island in Auckland’s pristine Hauraki Gulf. Three beautiful white sandy beaches. Riparian rights. Extremely rare chance to own. Stake your claim now.