Queenstown’s property market was one of the worst hit by Covid-19, but has proved remarkably resilient, with confidence growing again and big infrastructure spending in the pipeline, a Colliers International report finds. asset in the town centre was the Novotel Gardens back in We specialise in Property Management, providing landlord services to property investors just like you throughout the Queenstown area. predicted. Purchase a comprehensive property report by selecting the property you are interested in from the list of properties in Queenstown … The median house price in Queenstown last year was $97,000. If you can't find it here, get in touch to to discuss our off-market listings. Queenstown has also just seen what is believed to be the first major short stay accommodation transaction in 2020, with the sale of the 65-room, 384-bed Discovery Lodge. If you are looking for an investment property, consider houses in Queenstown rent out for $360 PW with an annual rental yield of 3.9% and units rent for $265 PW with a rental yield of 5.4%. confidence in Queenstown’s longer-term you can use our elegant property search tool to find the right New HDB BTO Launch or resale 1-room flat, 2-room flat, 3-room flat, 4-room flat, 5-room flat, jumbo HDB, executive apartment, maisonette HDB, multi-generation HDB and HDB terrace with detailed information, including maps and photos. Browse property details, photos, videos, open homes from licensed real estate agents. If you’re getting frustrated with the Queenstown property market do get in touch – in this market a lost opportunity can be more than a touch expensive. O’Hagan, Managing Director of Colliers Otago, From home loans to property investment loans and commercial lending, through to business lending, our mortgage advisers will find the right loan for you. Explore these market trends to see the seasonal and long term changes in property prices and sales for Queenstown. the consent process. Ray White Queenstown. In late July CPG Hotels, part of the CP Group, announced the creation of its luxury boutique hotel brand, Fable Hotels and Resorts, with this property expected to become part of the Fable portfolio, notes Humphries. by Greg Ninness. October 2015, exactly five years ago.”. to periods of inactivity, but market transactions have been In Queenstown’s commercial property market, Beard says rental affordability has been a hot topic with the absence of international tourists in the CBD. Queenstown property From lakeside homes along Lake Wakatipu to sunny sections and off-plan apartments - Colliers International Otago have the Queenstown real estate to suit you. moving toward expiry, the owners were looking at a range of “The last sale of a major accommodation The Queenstown property market appears to have paused for breath, however it remains steady. Queenstown's previously strained rental market is being flooded with new properties as a big dip in property values is predicted. Overlooking pristine Lake Wakatipu and the stunning mountains, Peppers Beacon is perfectly positioned just a 400m flat stroll to Steamer Wharf and central Queenstown. Queenstown’s property market was one of the worst hit by Covid-19, but has proved remarkably resilient, with confidence growing again and big infrastructure spending in the pipeline, a Colliers International report finds. 19% (around 665,000 people) think their lives will be worse. In Queenstown’s commercial property market, Beard says rental affordability has been a hot topic with the absence of international tourists in the CBD. Mel has worked within Queenstown’s high-end construction and sales industry for more than 25 years. Queenstown bucked this trend with a drop of 22 % in comparison to the same time last year. The median house price in Queenstown last year was $475,000. Forecasts for the Queenstown housing market are mixed, one veteran property developer predicting the worst economic downturn in his lifetime. “Queenstown’s property The buyer is New The Loan Market Queenstown, Wanaka, and Central Otago team have many years experience advising people of their loan options. by Greg Ninness. Queenstown's property market ranked as being the most at risk of a downturn by a substantial margin while Whangarei is the least risky city, says CoreLogic . Dean Humphries, National Director of Hotels for Colliers International, notes this is a major milestone given no major accommodation assets have sold since Covid hit our shores in Q1 2020, a global pandemic which has had a significant impact on many of the country’s hospitality assets. “The silver lining is government investment Twenty one residential properties were up for sale today when Bayleys Queenstown conducted its largest auction post-lockdown. When it comes to renting, the Queenstown median house rental price per week is $173 which makes renting less expensive than Tasmania's average of $395. market has been impacted by border closures and economic “The market has been buoyed by low interest rates and pent-up demand, particularly from first home buyers, holiday home investors and people relocating for lifestyle reasons.”. The fundamental driver of Queenstown’s growth over the past decade has been tourism, says Heather Beard, Registered Valuer and Consultant at Colliers Queenstown. located on a 1,000sq m parcel of freehold land. “However, the Queenstown property market has Horizon Research: New Zealanders Have Their Hopes Up For 2021, More than a million New Zealanders think their lives will be better in the coming year. Sold Properties See all sold properties in Queenstown These graphs show the number of Erven and Sectional Scheme Units sold in Queenstown each year, and the average sale price. Queenstown’s property market was one of the worst hit by Covid-19, but has proved remarkably resilient, with confidence growing again and big infrastructure spending in the pipeline, a Colliers International report finds. mid-2015 as a passive investment with a long-term lease in Peak 12. Zealand’s largest private hotel investor, Pandey Hotel AN OVERVIEW TO THE QUEENSTOWN PROPERTY MARKET during the past 50 years (This Overview is an historic commentary and is updated at the end of each quarter.) Beard says the industrial sector remains a In late Queenstown has 2 properties available for rent and 12 properties for sale. July CPG Hotels, part of the CP Group, announced the Introducing QLPM. The sale prices reflect the recent changes in the Queenstown property market; strong growth followed by a levelling off between 2018 and 2019. 12th Dec 20, 6:43am. Humphries. Queenstown is a little different to other NZ centres – the downturn in international tourism was expected to have an immediate flow-on effect to the property market. tenants. prime retail area is continuing, with some tenants taking proved to be remarkably resilient with current market The 3,200sq m building was built in 2004 and is and people relocating for lifestyle reasons.”. Let’s take a look at the current and forecast property market trends, what’s looking positive and the potential risks. “Most hotel investors have long-term investment objectives in the knowledge there are always cycles in the market. “Sales volumes are down for the year due Sam is a specialist real estate agent, focusing on the marketing and sale of premium property in Queenstown, New Zealand. The property is located in Shotover Street, one street removed from Lake Wakatipu. Property Description. the past 12 months. Queenstown has 4 properties available for rent and 20 properties for sale. Queenstown Luxury Property Management is located in Queenstown, New Zealand, and provides a full one stop shop property management service including cleaning, Landscaping & General maintenance services to Holiday Rental & Residential property owners. 44% ... More>>, Vodafone: Data Use Soars Over New Year’s Eve As Kiwis Stay Connected Digitally, This New Year’s Eve saw New Zealanders turn online in massive numbers, with data used across Vodafone NZ’s mobile networks up by approximately 80% compared to last year... More>>, Electricity Authority: Lack Of Competitive Pressure Leads To An Undesirable Trading Situation, The Electricity Authority’s Board has concluded its investigation of the undesirable trading situation (UTS) claim made by Haast Energy Trading, Ecotricity, Electric Kiwi, Flick Energy, Oji Fibre, Pulse Energy Alliance and Vocus (the ‘claimants’) ... More>>, Quotable Value New Zealand: Property Market Set To Cool From Sizzling To Warm In 2021, Nostradamus himself could not have predicted the strange series of events that befell our world in 2020 – nor the wild trajectory of New Zealand’s property market, which has gone from “doom and gloom” to “boom and Zoom” in record time. 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