Fishers buy one of NZ's priciest houses
Friday, September 2nd 2016, 4:16PM 
6 Comments
Carmel and Hugh Fisher have one of the swankiest home in Auckland for $22 million.
Although their funds management business adopts a growth style they have taken a value approach to buying Chateau de La Sur Mer on Clifton Rd in Takapuna.
The asking price was $35 million, but they bought the Chateau for $22 million.
The 1730 m2 is more than eight times the size of a normal large house and sits on nearly half a hectare of land.
The house was designed by Greg Noble and sits among private landscaped gardens. It was described as “being without equal in New Zealand” when it was being marketed.
It has five bedrooms, nine bathrooms and parking for eight cars. It also includes state-of-the-art security, marble bathrooms, imported chandeliers, Swedish solar heating, a swimming pool and cabana.
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Comments from our readers
"Whilst Norm Stacey might not have had a legal case against Watson & Fishers......"
Not difficult at all
A KiwiSaver member saves $500 per month via wages and employer contributions into a higher cost fund which returns 4.5% pa
He/she gets $277,535.88 after 25 years
Another member finds a fund that cost 50 basis points less and so get 5% pa return
He / she gets $298,995.50 after 25 years
The impact is over $21,000 difference
real life and easy to understand
see the Canstar report for KiwiSaver fees
Lowest balanced fund was 0.78%
Highest balanced fund was 1.64%
"who are the people behind this fund" ?
I think that is what my clients would want me to do
So I do it, again and again, and I often walk away
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Morally and in the interests of integrity, fairness, and staying out of the Press, it seems that paying him $220,000 would have been smart, fair and certainly affordable for Ms Fisher
In fact just 1% of the value of her new house (not to mention her Bentley or
her other assets)
I seem to remember Ms Fisher fighting her Uncle's estate in court too
Her KiwiSaver members may feel a bit ill on this news
Oh dear I forgot, money matters more than people in NZ today
Another example of why our industry struggles to look good