Brother and sister sell their homes of 50 years for more than $4m
A brother and sister in Christchurch, New Zealand, sold their adjacent properties for over $4 million to developers following a zoning change. The site, which had been in the family for nearly a century, is now slated for high-density housing.
Why it matters
This sale illustrates the impact of urban zoning changes on property values and the transformation of residential neighborhoods.
Share twitter Share linkedin Share link The two properties on the corner of Brake and Leslie streets, in Upper Riccarton, Christchurch, sold together at auction last week. Photo / Supplied - Christchurch siblings sold their homes for over $4m after a heated auction.
The article is a standard real estate news report focusing on market trends and property transactions.
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