The first 54 sections in Queenstown’s Shotover Country subdivision, launched today, are all competitively priced below $200,000.
Co-developers Sharyn and Grant Stalker say the pricing’s aimed at giving young people a crack at Kiwi-style living in Queenstown.
The launch comes the same day Queenstown Lakes District Council officially rezones Shotover Country’s 120 hectares from rural general to a special residential zone.
The subdivision, which can accommodate 700 to 800 homes, is bordered by the Shotover and Kawarau Rivers, Ladies Mile highway and Lake Hayes Estate.
The Stalkers believe the pricing level will mean the first stage should sell out quickly – the 26 cheapest sections range from $169,000 to $179,000.
Sub-$200,000 sections have been scarce in Queenstown in recent times.
“We’ve had very good interest,” Sharyn says.
Sections mostly range from 550 to 950 square metres.
The Stalkers say they can offer reasonably-priced sections because they and their fellow Shotover Country developers have held the land for a long time.
The Stalkers’ planning lawyer, Queenstowner Warwick Goldsmith, says Shotover Country is probably the last significant area of the Wakatipu Basin suitable for large residential subdivision.
“It’s flat, easily developed, easily serviced – the sewage ponds are across the Shotover.”
Goldsmith says the subdivision enjoyed good support from the Queenstown Lakes District Council.
Supportive public submissions outnumbered objections about 10 to one, he notes, and an Environment Court hearing wasn’t necessary after appeals were all withdrawn.
Stage one is being called Oxford Neighbourhood to fit in with the name of the subdivision which derives from Shotover Country Park, near Oxford, England.
Site works, including roading, services and landscaping, are underway, and titles are due in the second half of next year.
Sharyn Stalker says a feature will be downward-looking LED street lighting that reduces light spill at night.
A cycling/walking track will be built during stage one construction to connect with the newly-opened Queenstown Trail.
The Stalkers are handling stage one marketing themselves – Sharyn is a former real estate salesperson.
Further stages will be brought on to meet market demand.
Twenty-six sections of the completed subdivision will be gifted to the Queenstown Lakes Community Housing Trust. Three hectares have been zoned for an anticipated primary school due to open in February 2015.
Shotover Country and Lake Hayes Estate, which has about 550 homes, will together be about the size of Arrowtown.