Sir John Key

Former New Zealand PM Sir John Key buys Sydney pad for $5.7m, lists it one day later

PHOTO: The three-bedroom apartment bought by Sir John Key’s wife Lady Bronagh has returned to the market.

New Zealand’s former prime minister Sir John Key and his wife Lady Bronagh​ became Sydney’s newest high-end home owners this week when they took possession of a $5.7 million harbourside apartment in McMahons Point.

But the Auckland-based couple are not expected to take up residence in the 129-square-metre pad despite having already waited three years for it to be complete since buying it off the plan.

No sooner did Lady Bronagh settle on her new three-bedroom home than Ray White Lower North Shore agents Tim Abbott and David Gillan have put it back up for grabs, this time for the 2020 price of $6.5 million to $7 million.

PM Turnbull & NZ PM Sir John Key
Former New Zealand prime minister Sir John Key and his wife Lady Bronagh.

Sir John made the shock decision to quit NZ’s top job and politics altogether in 2016, and the following year the couple sold their Auckland mansion on a two-year settlement for $23.5 million to little-known Lianzhong Chen.

At the time the couple planned to downsize to a new home built on what was previously their tennis court, and added the Sydney apartment in developer Rob Moore’s exclusive harbourside block The Bradfield that same year into the bargain.

READ MORE VIA DOMAIN

Phoebe Burgess

Phoebe Burgess’ pandemic paradise: Inside former WAG’s Bowral farm hideaway

MOST POPULAR