Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Auction of Rarely Available Brunner Waterfront

Auction of Rarely Available Brunner Waterfront ‘Talk of Town’
For Release: 15 May 2006

Achieving $880,000 ‘under the hammer’ at auction for a four bedroom upmarket one year old home in Lake Brunner last week has been the “talk of the town” confirming this West Coast lake, only two and a half hours drive from Christchurch, as ‘the’ place to have a weekend retreat.

John McFadden, Business Owner of Harcourts Papanui (Christchurch) which marketed the property, believed it to be a record price paid for this type of property, setting a new benchmark in Lake Brunner.

The Iveagh Bay property on 151 Cashmere Bay road offered a number of special features. Along with stunning expansive lake views, its most special feature was the waterfront location, as it is thought to be the first waterfront dwelling to sell in this new subdivision.

Marketed by Harcourts sales consultant, Mary Turnbull as having “strong architectural design with contemporary luxury”, the property is situated opposite the boat ramp, and featured open plan living, gas fire and two large outdoor decks.

Mary Turnbull confirmed most buying enquiry came from Christchurch, many who had existing Lake Brunner ‘baches’ and were looking to upgrade to more upmarket weekend retreats. She added with many Lake Brunner properties now “weekenders”, prices had seen phenomenal growth over the last couple of years with buyers attracted by easy access, close proximity and great recreational facilities.

The auction was held on Wednesday 10 May with Harcourts Auctioneer, Phil McGoldrick opening the bidding at $670,000, with spirited bidding eventually taking the property to $880,000 under the hammer.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news