Overseas Investment Office

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...

Colourful Italian import

Queenstown continues to attract its share of multi-millionaire entrepreneurs.  One such is Italian Mauro Balzarini, who was formerly Australia's largest livestock exporter.  He's now helping his wife run a new pizza and pasta place, which PHILIP CHANDLER visited last...
A wealthy Australian couple are spending $7 million building a luxury home near Queenstown. They bought the 4491 square metre Closeburn Station site, overlooking the Glenorchy Road, for $3m, pending Overseas Investment Office (OIO) approval. The OIO's now granted consent to...
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