Max Key, the son of former Prime Minister Sir John Key, has snapped up a $1.4 million Auckland Central property - with his parents supporting the purchase.
The Mount Albert home sold at auction for 22 percent above capital value, as reported by the New Zealand Herald.
Key and his wife Lady Bronagh attended the auction to support their son, 25, as did his girlfriend.
Seven other registered bidders reportedly attended the auction.
Described as an "archetypal 1920s villa" situated on a fully-fenced 713-sqm section, according to its listing, the property offers three double bedrooms, a "trendy" bathroom, modern kitchen, formal sitting room and a converted garage.
"The initial encounter upon arrival is of a charming old-school wooden veranda and as the front door swings open, glowing native timber flooring is revealed," says the listing.
"The upscaled kitchen is a marriage of convenience and style with black and white contrasting cabinetry, entertainer's gas hob and pretty above-bench window.
"A sunny and light dining area is a pleasant space for family gatherings and French doors lead to a private deck area and the established gardens and lawns beyond."
Ray White realtor Simron Singh, who sold the property alongside Ken Choong, confirmed to the NZ Herald that the agency received a pre-auction offer of $1,225,000 for the home and subsequently moved the auction date forward to June 28.
Max Key spent most of 2019 abroad, heading on his overseas experience in March. The 25-year-old, who has more than 67,000 followers on Instagram, has remained quiet about the sale, having not posted to his platform since February.
Max's first step on the property ladder follows the sale of Key and Bronagh's luxury Sydney apartment in June. The high-end pad, officially owned by the couple for just six weeks, sold for more than AU$6 million.
Key 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.
