Airbnb

By TRACEY ROXBURGH Developers of the Toru apartment complex at Frankton’s Remarkables Park say they’re ready to start on the second of three buildings, but are struggling to attract financing. This month the first building, comprising 78 one- and two-bedroom units,...

Awards come home to Roost

By PHILIP CHANDLER Arrowtown-based Roost Mortgage Brokers has something to crow about. Despite, or even because of, the difficult year Queenstown’s experienced, the firm’s performed outstandingly at the NZ Mortgage Awards announced recently. Principal Mark Pullar jointly won‘independent mortgage adviser of the...
By PHILIP CHANDLER The stripper had already been and gone when another male visited a hen’s party in Queenstown last Saturday night — by accident. The male ‘gatecrashed’ the party by driving into the ground floor of a Lomond Crescent property. Luckily,...

Unit ownership never cheaper

By PHILIP CHANDLER Singles or couples can pay as little as $200,000 to secure assisted home ownership in a new Queenstown apartment building. Queenstown Lakes Community Housing Trust owns 50 of the 78 units in the first building of the Toru...
By GUY WILLIAMS An accommodation sector lobby group’s calling for a debate on curbing future growth of the residential visitor accommodation (RVA) market. The Lakes District Accommodation Sector group, which represents about 110 businesses across the Queenstown Lakes, wants City Hall...
By PHILIP CHANDLER Inland Revenue (IRD) is cutting some slack for landlords moving homes or rooms from Airbnb-type platforms to long-term rentals. The short-term rental market took a dive when inbound tourism was shut down due to the Covid-19 pandemic. Many landlords...
By PHILIP CHANDLER When Queenstown's tourism economy stopped overnight in March, so did income for thousands of those renting out homes or rooms on Airbnb-type platforms. Anecdotally, many of these landlords, especially those dependent on that income, switched their homes/rooms into...
By GUY WILLIAMS The first build at Arrowtown's Arrowfields subdivision will start this week. Stonewood Homes Queenstown sales boss Emily Wills says it's the first company to get building consent for the 20-lot development off McDonnell Road. Council issued titles in March, just...
By PHILIP CHANDLER Being stuck in tropical Mexico might sound exotic, but a 34-year-old Queenstowner battling terminal cancer hasn't had a choice. After being diagnosed with stage 4 lung cancer, Jacob Macak and his wife, Lilia Rossana, flew to Mexico in March...
By PHILIP CHANDLER In the face of the tourist industry's Covid-19-induced implosion, a Queenstown-based tourism broker's delighted he's just been given extra firepower to do his job. Simon Haslett's worked in the region for Resort Brokers for the past five years, but...
With Queenstown's accommodation industry being hugely hit by the Covid-19 lockdown and border closure, the Airbnb sector which so many locals have got in to, to earn some spare coin virtually disappeared overnight. Many have speculated this sector won't come back, but two Airbnb...
By PHILIP CHANDLER A long-time Queenstown realtor believes the local property market will ride out the Covid-19 pandemic relatively unscathed. Harcourts Queenstown principal Kelvin Collins says his confidence is based on the fundamentals of the market being sounder than during earlier...
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