Peter Clarke: Bayleys luxury home and apartment specialist in Tauranga on penthouse apartment at Mount Manganui sold for $10.2m

Early Edition with Ryan Bridge · Apr 20, 2022 · 3m

So while the property market might be cooling in some parts of the country, this might make your eyes water this morning.

A new record has been set in Tauranga, where a penthouse apartment at Mount Manganui has sold for $10.2m.

To put in context, the rateable value was only about $6 million. Questions are being raised as to how a such a big purchase is justified.

Bayleys luxury home and apartment specialist in Tauranga Peter Clarke joined Roman Travers.

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