property

Tennis court nets $1m-plus

A disused Queenstown tennis court has sold for just over $1 million. The court occupies a 1012 square metre section on McBride Street close to Frankton lakeside reserve and Queenstown Airport. It had been owned for about 35 years by Invercargill's...

Southern housing soaring

Housing value growth rates around 10 per cent across Queenstown, Dunedin, and Central Otago remains about double the national annual average, as much of the rest of the country is in single-digit growth. Dunedin is bucking a national trend, as...

Boom….and more boom?

History shows Queenstown should be bracing for an economic slump but valuation experts say "unprecedented" tourist numbers are keeping property prices at a peak. Colliers International releases its 2018-19 local property market review today. It shows the market has reached a...
Recently, a mid-sized property developer in Sydney informed me that the average build cost in Sydney was $1500 a square metre. In Queenstown, the average build cost is currently $3000 a square metre. With our average wage being much less...
A waterfront site on the market at Queenstown's Kawarau Falls has been turning heads for more than 150 years. At the start of Kelvin Heights, the site's at the northeastern corner of the Lake's Edge subdivision and close to the...

$35k-a-year rent hike

Two pensioners say they've been forced out of their Arrowtown home after City Hall upped the land rent by almost 900 per cent. Bill Swann, 78, who bought his Nairn Street home in the late '60s, describes the increase on...

Mr X plans Queenstown base

A wealthy Chinese Aucklander wants to build a stunning Queenstown home fit for a Bond villain. The house – an X-shaped mansion which gives the appearance of floating in the middle but is subterranean at each end – has been...

Terraced housing on market

European-style terraced housing is being marketed at Queenstown's Arthurs Point. It's stage three of the Bullendale Special Housing Area (SHA), following the sell-out of 27 stage one and two townhouses. Stage three, The Alpine Terraces, comprises 34 terraced-style homes. Fourteen were launched...
Billionaire Graeme Hart, New Zealand's richest man, has bought in Queenstown again. In March, Mountain Scene broke the story of Hart splashing $24 million to buy a six-bedroom holiday home at the exclusive Closeburn Station, about 11km from the resort. Not content...
Plans have emerged for another massive worker accommodation complex in Queenstown. A fortnight ago, Mountain Scene broke news of company New Ground Capital's plans to build digs for up to 600 workers at Remarkables Park. Now we've uncovered plans for up to...

Lakeview sale looms

Despite facing a mounting housing crisis, Queenstown's council looks set to sell a prime piece of land near the resort's CBD. In a report to tomorrow's full council meeting, the council's strategic projects boss Paul Speedy recommends the council agree to...
Queenstown council bosses want the resort's tree-lined entrance to be opened up for potential development. In a report to Thursday's full council meeting, planning bosses Tony Avery and Blair Devlin -- who previously ran secret meetings promoting a potential carve-up...
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