‘Sold out in 3 minutes’: $500,000-$600,000 Northcote apartments snapped up

Apartments for $500,00 to $600,000 in NZ Living’s new $90 million three-level Northcote development were so popular that they sold in mere minutes.

“We sold 66 apartments in three minutes,” explains NZ Living founder Shane
Brealey of the process.

“We said ‘email us from 9am, send through the confirmation of bank funding first and any preferred choice of apartment’. By 9.03am, they were all gone. By 9.05am, 260 qualified buyers were waiting to buy.”

That was a huge vote of confidence in the project developed on ex-state housing land near the area’s town centre, opposite Greenslade Reserve which fronts Lake Rd.

What was so much in demand?

The answer is around half the 129 units in nine buildings on a 1ha block surrounded by four streets which Brealey calls Greenslade after one…