Sir John Key, Lady Bronagh sell Sydney apartment for more than $6.4m

The apartment sold on Wednesday, June 10.
The apartment sold on Wednesday, June 10. Photo credit: domain.com.au

Sir John Key and his wife Bronagh have sold their high-end Sydney home for more than AU$6 million (NZ$6.4 milion), despite officially owning the luxury pad for only six weeks. 

The former Prime Minister and Bronagh waited three years to take the keys to the harbourside home after buying it off the plan in early 2017. Following its completion, the couple settled on the apartment in April this year - but it was already up for the grabs by the following day.

Located in the affluent McMahons Point neighbourhood, the three-bedroom apartment was listed by North Shore-based Ray White agents Tim Abbott and David Gillan for AU$6-$6.5 million. The Keys reportedly paid about AU$5.7 million. 

According to the property's listing on domain.com.au, the exact details of the sale - which was completed on Wednesday - remain undisclosed. However, given the speed of the transaction, it's believed to have sold within the asking price parameter. 

Sir John Key, Lady Bronagh sell Sydney apartment for more than $6.4m
Photo credit: domain.com.au

After Sir John Key resigned from his role as New Zealand's leader in 2016, the couple sold their Auckland mansion on a two-year settlement to Lianzhong Chen for $23.5 million.

The Keys took interest in the Sydney apartment, situated in developer Rob Moore's harbourside block, The Bradfield, later that year. The decision to buy off the plan was reportedly made in relation to Sir John's business interests in Australia. 

However, those interests have since moved to the United States, making the now-completed apartment an unnecessary asset.  

Sir John Key, Lady Bronagh sell Sydney apartment for more than $6.4m
Photo credit: domain.com.au

According to the listing, the 129-square-metre pad captures "rare eye-level views across the boat studded waters of Lavender Bay", features "striking slabs of honed Calacatta marble" and is just a 10 minute journey away from Sydney's CBD. 

Sir John, who formerly worked as the global head of foreign exchange at Merrill Lynch before beginning his political career, stepped down from the Air New Zealand board in March. He remains the chairman of ANZ Bank New Zealand. 

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