Demand for residential sections is expected to rise with the green light given to Queenstown’s newest large-scale subdivision.
Queenstown Lakes District Council’s strategy committee this month approved the proposed $300 million 730-section Shotover Country subdivision between the Shotover River and Lake Hayes Estate.
Shotover Country spokesman Neil McDonald – who has his “fingers crossed” there’ll be no appeals – says there’s a “latent demand” for sections.
“We’ve never stopped growing.
“What disappoints me is we didn’t have it as a transition from Lake Hayes Estate straight through to this, because I think we’ve missed a beat.”
McDonald, whose local surveying firm designed both this subdivision and Lakes Hayes Estate, expects section will fetch about $200,000 a pop.
That compares with sub-$100,000 prices for the first Lake Hayes Estate sections, almost 10 years ago.
The Queenstown Lakes Community Housing Trust is also developing 26 “affordable” sections at Shotover Country.
McDonald says he’d expected the new subdivision would look very similar to Lake Hayes Estate, where about 600 sections have been sold and mostly built on.
QLDC commissioners recommended a proposed low-density area be rezoned medium-density.
McDonald says Lake Hayes Estate sections range between 600 and 800 square metres.
“Whilst we’ve got a periphery of this at Shotover Country, we’ve got quite a large central core where the section sizes will be down to 450sq m or less in some places.”
That core comprises at least 200 sections, McDonald says.
“We’re just going to have to add a lot more adjoining reserve areas and so forth, to keep amenity values high.”
Another difference is Shotover Country’s zoning provides for neighbourhood retail and a school.
“We’ve set aside a three-hectare [primary] school site,” McDonald says.
“We’ve been in discussions with the Ministry of Education for long enough. I’m just hoping now that they go the whole way and indicate that they’ll buy it.”
McDonald argues the site suits a school because the subdivision will have a road link to Lake Hayes Estate. The new Twin Rivers Trail walkway/cycleway connects it with Quail Rise on the other side of the Shotover River.
Meanwhile, road access from State Highway 6 will be opposite the Lower Shotover Road intersection.
A roundabout will be placed at that intersection once 450 lots have been consented.
One neighbour, Sheena Haywood, has criticised Shotover Country as “an incredible eyesore”.
However, McDonald says other neighbours have been supportive.
“On something the size of this, I was absolutely staggered about the amount of support that we have had.”
Much of the proposed subdivision is owned by farmers Sharyn and Grant Stalker – who originally conceived it – and Ruth and Russell Jones.
McDonald says if the final go-ahead is given there’ll be about 12 months of subdivision design work before the first stage of about 50 sections is developed.