real estate

‘Gold’ in them thar hills

A goldmining centre on the Queenstown tourist trail with "phenomenal" potential is on the market. Goldfields Mining Centre, in Kawarau Gorge on the Queenstown-Cromwell highway, 10 minutes from Gibbston, has been substantially developed by the Egerton family over the past...

Hotel finds suite spot

It's taken six months but three high-end rooms have been added to a central Queenstown hotel following a challenging building project. The junior suites, overlooking the Recreation Ground, have gone on the roof of the Queenstown Park Boutique Hotel. The $2...

Point blockbuster on point

The end's in sight for the tallest building project at Queenstown's Arthurs Point. La Residence du Parc's two four-storey buildings should be ready for occupation by mid-February, at latest. Those structures, housing 48 mostly two-bedroom apartments, had been due for completion...

Billionaire’s buy-up

A Japanese billionaire art collector who's restored two historic buildings in central Queenstown has bought a landmark property close by. Auckland-based Soi-chiro Fukutake has paid an undisclosed sum to buy Doug and the late Betty Brown's long-time four-level home on...

Salvation Army on the march

The sale of Queenstown CBD's Salvation Army premises presents a heaven-sent buying opportunity. The church is exiting its prime Camp Street site and planning to relocate to the Frankton Flats. "I think this is the first CBD building for sale on...
Kiwibank's chief economist says conditions are ripe to splash out on Queenstown infrastructure. But Jarrod Kerr, in town last week to give a keynote speech at the three-day New Zealand Society of Actuaries conference, says it's up to locals whether expansion...
A new Wakatipu real estate agency promises to halve normal commission rates which they say are unfair due to spiraling property prices. Trilogy Real Estate, owned by returning Queenstowers Lesley and Michael Morel, launches today. The couple, who've spent the past...
It's taken three years, millions of dollars and a fair bit of stress. But one of the first dedicated group staff accommodation complexes in Queenstown is nearly ready to go to market. The four purpose-built units each have eight bedrooms, 4.5...

Foreign buyer ban to bite

A Queenstown lawyer's in no doubt the resort's property market will be disproportionately affected by the Labour-led government's foreign buyer ban. The Overseas Investment Amendment Act, aimed at improving housing affordability for Kiwis, takes effect today. From then onwards, only New...

Prime spot with grand view

A major development opportunity beckons with a landmark central Queenstown home and neighbouring property jointly on the market. The four-level, five-bedroom, 500 square metre brown house on the corner of Ballarat and Henry Streets, a stone's throw from the CBD,...
A premium Queenstown motel property is on the market for the first time in 25 years. By the Frankton Road gateway to the CBD, family-owned-and-managed Queenstown Motel Apartments is for sale by tender, closing November 8. What's reasonably rare is that...

Frankton office space sprouting

Office space is about to almost double at Queenstown's fast-growing Frankton Flats. Currently there's about 9000 square metres of fully-leased space between Terrace Junction, Remarkables Park and Five Mile. By year's end there'll be another 8000sqm or so – spilt evenly...
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