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Christchurch house price record smashed for second time in a matter of weeks

Christchurch ’s house price record has tumbled for the second time in less than a month after a large property in the hillside suburb of Scarborough sold off...

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Elite Seniors Tournament in town

Yarrawonga Tennis Club hosted the Victorian Seniors Grass Court Championship from Friday through to Monday. This tournament has become engrained in the Seniors calendar and is viewed as a very prestigious event to win. With restrictions relating to...

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$3m apartments find buyers as Christchurch's luxury market heats up

Real estate agent Aaron Pero of Harcourts, who is marketing The Spire development for Countrywide, said he could not publicly identify the buyers, except to say they were a couple with a labrador who originally visited the building to see an $800,000 apartment.
SUPPLIED/Stuff
How the completed Spire apartments could look.
“Then we went up to look at the big one. It’s the ultimate up-sell. They have sold up in the suburbs and wanted somewhere in the city.”
Pero said the building’s sub-penthouse, being sold for about $3.1m, had also recently gone under offer. Other luxury apartments on the fifth and sixth floors were sold before the tower was built.

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Added sophistication, community: How apartment living has changed in New Zealand

Apartment living has become more sophisticated, community-oriented, inspiring and attractive to buyers of all ages.
The developer of upcoming Auckland apartment building The Pacifica, at 10-12 Commerce Street, has gotten the memo. Its PR says, The Pacifica will “exist as a vertical community”, with facilities for exercise and relaxation, including a community terrace, and a community and entertainment space on another level.
The International in Princes St, is another trend-setter, a former commercial building redeveloped as apartments.
“There is no wasted space in these apartments. In houses, there are a lot of hallways, whereas these apartments have big open plan living areas with lots of light,” says the development’s agent, Ross Hawkins, from Ray White Black Group.

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