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$3m for flat with sea view

Well-heeled Wellingtonians have joined the stampede for a slice of New Zealand waterfront and are paying record prices for it.

Monday, January 19th 2004, 6:34PM

by The Landlord

Eager buyers have snapped up all 66 apartments planned for an exclusive residential complex in the former Herd St Post and Telegraph Building, with the luxury penthouse suite fetching a record price of nearly $3 million.

Details of the new owners and the exact price are still confidential. However, it eclipses the previous highest sale price for an apartment in the Capital, $1.85 million for an Oriental Pde apartment in 2002

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Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA - Back My Build 3.34 - - -
AIA - Go Home Loans 5.89 4.59 5.09 5.39
ANZ 5.79 ▲5.29 ▲5.89 ▲6.09
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - ▲4.69 ▲5.29 ▲5.49
ASB Bank 5.79 4.59 5.09 5.39
ASB Better Homes Top Up - - - 1.00
Avanti Finance - Near Prime 6.35 - - -
Avanti Finance - Specialised 7.45 - - -
Basecorp Finance 6.35 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One 5.94 - - -
BNZ - Rapid Repay 5.94 - - -
BNZ - Std 5.84 4.59 4.89 5.29
BNZ - TotalMoney 5.94 - - -
CFML 321 Loans 3.95 - - -
CFML Home Loans 6.05 - - -
CFML Prime Loans 6.25 - - -
CFML Standard Loans 6.95 - - -
China Construction Bank 6.44 4.85 4.95 4.95
China Construction Bank Special 6.44 5.85 5.95 5.95
Co-operative Bank - First Home Special - 4.49 - -
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Owner Occ 4.99 4.59 5.15 5.39
Co-operative Bank - Standard 4.99 5.09 5.65 5.89
Credit Union Auckland 7.70 - - -
First Credit Union Special - 4.89 5.49 -
First Credit Union Standard 6.49 5.29 5.89 -
Heartland Bank - Online 5.30 5.89 - -
Heartland Bank - Reverse Mortgage 7.99 - - -
Heretaunga Building Society 6.50 5.50 5.65 -
ICBC 5.39 4.49 4.89 5.15
Kainga Ora 5.79 4.59 4.95 5.19
Kainga Ora - First Home Buyer Special - - - -
Lender Flt 1yr 2yr 3yr
Kiwibank 5.75 5.49 5.79 6.15
Kiwibank - Offset 5.65 - - -
Kiwibank Special 6.15 4.59 4.89 5.35
Liberty 6.65 6.55 6.22 6.20
Nelson Building Society 6.49 4.69 5.09 -
Pepper Money Near Prime 6.55 - - -
Pepper Money Prime 5.99 - - -
Pepper Money Specialist 8.00 - - -
SBS Bank 5.84 5.09 5.69 5.75
SBS Bank Special - 4.49 5.09 5.15
SBS Construction lending for FHB 3.74 - - -
Lender Flt 1yr 2yr 3yr
SBS FirstHome Combo 3.29 3.99 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 7.99 - - -
TSB Bank 6.59 5.29 5.89 6.09
TSB Special 5.79 4.49 5.09 5.29
Unity First Home Buyer special - 3.95 - -
Unity Special 5.79 4.49 4.89 -
Unity Standard 5.79 5.29 5.69 -
Wairarapa Building Society 6.15 4.79 5.19 -
Westpac 5.89 5.19 5.79 5.89
Westpac Choices Everyday 5.99 - - -
Lender Flt 1yr 2yr 3yr
Westpac Offset 5.89 - - -
Westpac Special - 4.59 5.19 5.29
Median 5.94 4.69 5.19 5.39

Last updated: 15 April 2026 7:31pm

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