{"id":35661,"date":"2021-11-19T16:41:03","date_gmt":"2021-11-19T03:41:03","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=35661"},"modified":"2024-03-01T20:40:51","modified_gmt":"2024-03-01T07:40:51","slug":"new-zealands-most-expensive-house-sells","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/new-zealands-most-expensive-house-sells\/","title":{"rendered":"New Zealand\u2019s \u2018most expensive house\u2019 sells"},"content":{"rendered":"

PHOTO: A luxury five-bedroom home in Queenstown\u2019s exclusive Wyuna Preserve. Ray White<\/strong><\/p>\n

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A luxury Queenstown mansion once marketed as New Zealand\u2019s \u201cmost expensive house\u201d has just sold for $17 million \u2013 half what its owners were seeking four years ago.<\/p>\n<\/div>\n

But local Ray White agent Bas Smith says the Queenstown housing market has remained strong despite predictions of a crash during\u00a0Covid-19\u00a0lockdowns as tourism dried up.<\/p>\n

He\u00a0told OneRoof\u00a0it had been \u201cextraordinary\u201d at the upper end of the market in scenic South Island town with some of the top sales nationally all year \u2013 driven by Australians, Aucklanders and the occasional Singaporean.<\/p>\n

\u201cThere\u2019s been a higher volume of high-end sales in Queenstown,\u201d he said.<\/p>\n

\u201cIt\u2019s from people taking equity out of the Auckland property market and shifting it to Queenstown, as well as educated Australian buyers who can read the tea-leaves a little bit and know what\u2019s going on globally. A lot of the eastern seaboard Australians who aren\u2019t able to travel to their European homes are focusing on Queenstown now because they are able to buy residential.\u201d<\/p>\n

The mansions come with views of snow-capped mountains and often helipads so their wealthy owners can fly in.<\/p>\n

Mr Smith said he recently sold two luxury Glenorchy properties, including one for $NZ17.5 million ($16.9 million).<\/p>\n

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A luxury five-bedroom home in Queenstown\u2019s exclusive Wyuna Preserve fetched $NZ17.5 million. Picture: Supplied<\/strong><\/em><\/div>\n

Part of the exclusive Wyuna Preserve, the property \u2013 a 754-square-metre residence on 6.69 hectares with shared ownership of an additional 89 hectares and exclusive access to 9km of hiking trails \u2013\u00a0had been listed four years ago<\/a>\u00a0with a record price tag of $NZ33 million ($31.8 million).<\/p>\n

\u201cIt\u2019s an incredible property,\u201d he said. \u201cIt was marketed several years ago as the most expensive house in New Zealand.\u201d<\/p>\n

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