Sir John Key sells Auckland mansion for a record $18 million
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Sep 11, 2017
Sir John Key sells Auckland mansion for a record $18 million
Former PM and investment banker, Sir John Key, has sold his lavish Auckland mansion for nearly $18 million (or NZ$20 million) - but is keeping the basketball and tennis court where he and his wife plan to build a new home.
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Image: Phil Doyle, Stuff. -
Image: Australian Financial Review.Prime Minister Malcolm Turnbull congratulates former New Zealand Prime Minister, Sir John Key, on his appointment as an Honorary Companion in the Order of Australia.
Sir John Key has sold his Parnell, Auckland, mansion for what is expected to be a record price, but is holding onto the basketball and tennis courts, where he and his wife, Bronagh, plan to build a new home.
Key, who was New Zealand's prime minister between 2008 and 2016, sold the sprawling estate to a buyer in China last month. The purchased land will include the six-bedroom mansion, in-ground swimming pool, and pool house.
The Keys will retain a 650sqm block, and are expected to build a two-storey home on the site.
The median price of a home in Parnell was $1,626,300 as of June, according to qv.co.nz data published in a recent NZ Herald Property Report.
According to the data, Parnell prices have risen 48 percent since June 2014.
The most expensive house in Parnell prior to the sale was a property at 141 St Stephens Avenue, which sold for just under $9 million (or just over NZ$10 million) in 2015.
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