Bayleys

By PHILIP CHANDLER Strong interest from locals in entry-level Queenstown property is flying in the face of predictions made in the wake of Covid last year. Local Bayleys managing director David Gubb says it was assumed there’d be a lot more...

Bidding war for Frankton crib

By PHILIP CHANDLER The price fetched at auction for a Queenstown waterfront property has blown people out of the water. Following a bidding war at a Bayleys auction last Friday, a local buyer successfully bid $1,690,000 for 963 Frankton Road —...

Labour Party’s art cash-grab

By PHILIP CHANDLER Two portraits of Prime Minister Jacinda Ardern are among artworks up for auction at a Southland Labour Party fundraiser at Arrowtown Athenaeum Hall on Friday. Organiser Amanda Robinson, who confirms the PM’s been invited, says the ‘Paint The...
By PHILIP CHANDLER Covid's knocked Queenstown tourism for a six but fuelled a boom in the high-end residential property market. In a trend that’s taken many agents by surprise, this market — we’re talking $4 million-plus deals — has become more...
By PHILIP CHANDLER It was Queenstown's most-anticipated residential property auction. With the resort's tourism economy having been hammered by Covid-19 restrictions, Bayleys Queenstown's mega-auction on May 29 - the first major one since the crisis hit - was seen as a...
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...
Contracts for more than half the first stage of a $190 million Queenstown townhouse development have been snapped up. Properties Ltd is developing Remarkables Residences on the Frankton Flats, between the Five Mile shopping centre and Pak'nSave supermarket. It'll comprise 225...
A prime site near the heart of Queenstown sold at auction last Friday for more than $2.2 million, after almost 20 minutes of toe-to-toe bidding. It is believed to be one of the highest sales in the resort in terms of...

Under $1m for Residences

Prices in a mostly four-bedroom Queenstown townhouse development, publicly launched today, are all under $1 million. Developed by a Singaporean property company, Remarkables Residences will comprise 225 three- and four-storey town-houses. They'll be spread over a 3.84 hectare Frankton Flats site...
Queenstown's largest real estate agency is getting into the property business. BayleysLocations has lodged a resource consent application to build a $5.5 million, two-level "flagship" office at Frankton. Near State Highway 6, it will be on the northwest corner of the...
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