property

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...
A Queenstown commercial property franchise is merging with a local residential real estate agency. Colliers International Queenstown, which specialises in commercial sales, leasing, valuation and advisory services, is joining forces with Hoamz from November 1. It's the first time Colliers International...
Queenstown house values are starting to rise again, remaining stubbornly above those in the wider Auckland region. According to Quotable Value data released yesterday, Queenstown's July values are at $1.09 million, $44,500 above wider Auckland's $1.04m. In saying that, eight suburban Auckland...

Fast-track fail

Builders, investors and speculators have elbowed first-home buyers out of Queenstown's first special housing area. A Mountain Scene analysis shows only 39 of 135 sections – less than 30 per cent – at fast-tracked subdivision Bridesdale Farm are owned by...
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...

$100m luxury hotel plans

An American developer is making a Queenstown comeback, with plans for a $100 million luxury hotel complex near Skyline's gondola. Kevin Carlin – who developed The Waterfront apartments 20 years ago and then the exclusive Lakeside Estates subdivision – lodged...

Commercial break

A fully-leased commercial complex at the gateway to Queenstown is on the market. Comprising two two-level retail and office buildings, Terrace Junction is adjacent to the high-profile BP roundabout, between State Highway 6 and Frankton Road. It also shares an entrance...
The country has experienced its busiest period of hotel sales in a decade, with Queenstown reporting both the largest sales volume and the biggest individual sale. A hotel sales survey by Colliers International found than $500 million of hotel inventory...
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