banks

It’s closing time

By GUY WILLIAMS Three long-time downtown Queenstown business owners say the next six months will determine the fate of many like them. One’s closing his restaurant for good, another says he’s staring at a ‘‘bloody long autumn’’, while the third predicts...

Property market resilient

By PHILIP CHANDLER Despite continuing Covid-19-induced uncertainty, Queenstown’s residential property market’s proving to be remarkably resilient. That’s the key finding from Colliers International’s just-released ‘Otago Market Review and Outlook 2020/21’. The firm’s local registered valuer/property consultant Heather Beard says: '‘In the short...
By PHILIP CHANDLER Forget Covid — an Arrowtown-based mortgage broker reports Queenstown’s residential real estate market remains ‘‘surprisingly buoyant’’. Roost Mortgage Brokers principal Mark Pullar says first-home buyers and investors, ‘‘energised’’ by both the temporary removal of loan-to-value restrictions and the prospect...

Government handout rejected

By MATTHEW MCKEW NZSki's said ‘thanks, but no thanks’ to the government after being offered just $500,000 of the $2.7 million it asked for. Chief executive Paul Anderson says the company behind Coronet Peak, The Remarks and Mt Hutt’s ‘‘grateful’’ but ‘‘respectfully declined’’...
You could excuse Wakatipu home owners with big mortgages on high-priced properties being pretty nervous at the minute, given the Covid-19-induced implosion of this area's main industry, tourism.  However, Arrowtown-based Roost Mortgage Brokers principal Mark Pullar tells Mountain Scene there...
By GUY WILLIAMS Accommodation providers are threatening a rates revolt if Queenstown’s council proceeds with an inflation-adjusted rise. Apartment operator and former mayoral candidate Nik Kiddle, who leads the Lakes District Accommodation Sector group, says its 70 members want a rates...
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...
Advertisement
Advertisement
Advertisement