A Queenstown property has hit the headlines for achieving the highest sale price in the country this year, but its owner says he is going nowhere. Australian billionaire Tim Roberts told the Otago Daily Times a report of the sale was "just silly" because he effectively remained the property’s owner. In a New Zealand Herald article published on ODT.co.nz today , CoreLogic NZ said the 12-hectare Speargrass Flat property had sold on June 27 for $13.9m. Mr Roberts told the Mountain Scene in 2017 he bought the property to build a life there. Although the sale has yet to show up on official documents, the property was valued at $24m last year.

Source: Otago Daily Times July 04, 2019 03:55 UTC