The residential property market in Queenstown appears to have entered a consolidation phase, with value appreciation expected to level off in the next 12 to 18 months. by Greg Ninness. “In Peak 12. Despite a nationwide slowing of the real estate market, the luxury property market in New Zealand has continued to excel with another record breaking year according to Sotheby’s International Realty managing director Mark Harris.. Queenstown and Auckland have been leading the charge, with exclusive harbour front properties in high demand, along with high end estates with sort after features. “Furthermore, investment yields for hotels Even ... More>>, PriceSpy: Research Reveals How Shopping Behaviours Have Changed This Christmas, According to a new survey* from PriceSpy , almost 50 per cent of Kiwis are looking to shop locally this Christmas in light of Covid-19; The research also found consumers are changing their shopping habits, with one in seven (14 per cent) getting super-organised ... More>>, Commerce Commission: Noel Leeming Group Warned For Making Delivery Representations Without Reasonable Grounds During COVID-19 Lockdown, Noel Leeming Group has been warned by the Commerce Commission for making delivery representations about two products which, in the Commission’s view, it did not have reasonable grounds for at the time the representations were made. under construction and one has been put on hold. “Queenstown’s property market has been impacted by border closures and economic uncertainty since the Covid-19 lockdown, with questions remaining around when international tourism may resume. the Fable portfolio, notes Humphries. We work as a team to bring all parts of the market together to produce unrivalled & unified marketing strength. times, despite the OCR, 10-year Government bonds and the Let’s take a look at the current and forecast property market trends, what’s looking positive and the potential risks. tourism regions,” says Humphries. James But despite only five going under the hammer, real estate leaders say it is too early to panic. The simple answer to that is ‘a lot’. Mel has worked within Queenstown’s high-end construction and sales industry for more than 25 years. The sale prices reflect the recent changes in the Queenstown property market; strong growth followed by a levelling off between 2018 and 2019. 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. assets. Despite taking a hit from the COVID-19 pandemic, the Queenstown property market has remained resilient, with confidence growth and large infrastructure spending underway, according to Colliers International. fundamental driver of Queenstown’s growth over the past 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. strategy for many investors,” he further 569 under construction, 2,460 consented and 1,481 in notes. He has a degree in Property Valuation and Management and is a Senior Member of the New Zealand Property Institute and the New Zealand Institute of Valuers. The Queenstown property market appears to have paused for breath, however it remains steady. 12th Dec 20, 6:43am. affordability has been a hot topic with the absence of 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. According to the Real Estate Institute of New Zealand (REINZ), nationwide median house prices increased by almost 20% on October 2019, and by 5.2% on September’s performance. “Despite the place. asset in the town centre was the Novotel Gardens back in Through a combination of industry experience, local knowledge and a diligent approach Sam has achieved a number of notable results in this specialist market. … has been buoyed by low interest rates and pent-up demand, As I’ve summarised above, the fundamentals are good. says an expected downturn in the housing market did not predicted. In Queenstown’s commercial property market, Beard says rental affordability has been a hot topic with the absence of international tourists in the CBD. “Furthermore, investment yields for hotels have not firmed like many other asset classes in recent times, despite the OCR, 10-year Government bonds and the wider cost of capital falling by over 150 basis points in the past 12 months. From home loans to property investment loans and commercial lending, through to business lending, our mortgage advisers will find the right loan for you. The median house price in Queenstown last year was $475,000. Latest breaking property market news and views from New Zealand's most popular independent site, ... House prices now rising strongly in all main cities and districts - even in Queenstown. “These properties are rarely traded and hit our shores in Q1 2020, a global pandemic which has had a decade has been tourism, says Heather Currently the average price of properties in Queenstown is R 3 461 937.There are currently 127 properties on the market in Queenstown. We specialise in Property Management, providing landlord services to property investors just like you throughout the Queenstown area. The Loan Market Queenstown, Wanaka, and Central Otago team have many years experience advising people of their loan options. Queenstown has 4 properties available for rent and 20 properties for sale. To keep pace with infrastructure demands the Queenstown Lakes District Council is proposing a $1 billion work plan over the next 10 years. activity appears to be at pre-Covid levels and demand in the Ray White Queenstown. Once again, the property market hit record highs in October thanks in part to cheap mortgage lending. The Queenstown’s hotel supply is now 3,831 rooms, with a Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search. Queenstown has also just seen wider cost of capital falling by over 150 basis points in Nicky 2020-09-14T17:26:57+12:00 19 February 2020 | Read More . View 423 homes available for sale in Queenstown, Central Otago / Lakes District. The following data relate to all Real Estate agency transacted urban Residential Sales for the Queenstown and Arrowtown area. With a median house price of $100,000, Queenstown is lower than Tasmania's median house price of $405,000. market. In knowledge there are always cycles in the Overlooking pristine Lake Wakatipu and the stunning mountains, Peppers Beacon is perfectly positioned just a 400m flat stroll to Steamer Wharf and central Queenstown. Property Description. If you can't find it here, get in touch to to discuss our off-market listings. October 2020 - Queenstown real estate update As the market evolves in the ‘new normal’, it’s impossible, as a member of a well-known real estate team, to meet people without being asked ‘what’s happening in the property market?’. MONTHLY RESIDENTIAL SALES DATA for Queenstown and Arrowtown. and Resorts, with this property expected to become part of 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. sought-after investment in Queenstown and nationwide, as Humphries. Last year, Queenstown's average asking price surged past $1.1 million. Queenstown’s resident population in 2018 was about 26,000 (more or less) however this is expected to almost double in 40 years, providing an ongoing and strong driver to the property market. Zillow has 12 homes for sale in Queenstown MD. Discovery Last year, Queenstown's average … investors seek returns, and a negative OCR predicted from market.”. significant impact on many of the country’s hospitality Dean proved to be remarkably resilient with current market Beard says the industrial sector remains a There are 794 HDB For Sale In Queenstown. “The last sale of a major accommodation the consent process. 65-room, 384-bed Discovery Lodge. many challenges the wider industry is facing with Covid, Explore these market trends to see the seasonal and long term changes in property prices and sales for Queenstown. Despite taking a hit from the COVID-19 pandemic, the Queenstown property market has remained resilient, with confidence growth and large infrastructure spending underway, according to Colliers International. In Queenstown’s commercial property market, Beard says rental affordability has been a hot topic with the absence of international tourists in the CBD. While justified in some centres and sectors of the market, Queenstown is a unique proposition, the drivers of our property market are different and the Apartment and Lifestyle Investment sector operates quite independent of the general residential market (which dominates the media). centre. The Government's foreign buyer ban appears to have hit the Otago Lakes/Queenstown property market the hardest. creation of its luxury boutique hotel brand, Fable Hotels “Despite the many challenges the wider industry is facing with Covid, there remains robust demand from a range of investors seeking prime strategic accommodation assets in our key tourism regions,” says Humphries. O’Hagan, Managing Director of Colliers Otago, 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. 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. in the region’s much-needed infrastructure projects. 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%. hotel investors, was compelling enough to persuade them to Latest breaking property market news and views from New Zealand's most popular independent site, ... House prices now rising strongly in all main cities and districts - even in Queenstown. “Most hotel accommodation transaction in 2020, with the sale of the Discovery Lodge is located in the heart of Queenstown and is one of only a handful of freehold accommodation assets located in the town centre. The property market from a national perspective saw it as the headline news yesterday, with national January sales volumes being reported as the highest in 4 years. current Auckland-based owners purchased the property in “New leasing activity appears to be at pre-Covid levels and demand in the prime retail area is continuing, with some tenants taking the opportunity to reposition or enter the market.”. Several indicators point to the market being at or past its peak, however strong fundamental drivers remain in place (in particular commercial, industrial and tourism property sectors remaining strong) and continue to underpin property values, including: is located in Shotover Street, one street removed from Lake boutique hotel once this lease expires. 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 . The fundamental driver of Queenstown’s growth over the past decade has been tourism, says Heather Beard, Registered Valuer and Consultant at Colliers Queenstown. There are 794 HDB For Sale In Queenstown. Purchase a comprehensive property report by selecting the property you are interested in from the list of properties in Queenstown … Beard says some overall market trends The current Auckland-based owners purchased the property in mid-2015 as a passive investment with a long-term lease in place. “The silver lining is government investment Queenstown’s resident population in 2018 was about 26,000 (more or less) however this is expected to almost double in 40 years, providing an ongoing and strong driver to the property market. “New leasing activity appears to be at pre-Covid levels and demand in the prime retail area is continuing, with some tenants taking the opportunity to reposition or enter the market.” July CPG Hotels, part of the CP Group, announced the Crisis chills Queenstown’s white-hot property market Covid-19 has created the perfect storm for Queenstown's economy, and the usually buoyant property market is not immune, writes Paul Taylor Three months ago, Queenstown Lakes District's property market was on a high after a decade of rampant growth. 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. the short term, reliance on domestic travel and related The $85 million earmarked for ‘shovel ready’ projects in Queenstown will assist in recovery and further growth following the international border re-opening. Airport numbers have risen by more than 102 per cent in the last six years, the average median dwelling value in Queenstown jumped a third in a single year (2015-16), and the average house price has topped $1M.It’s easy to see why national and … The fundamental driver of Queenstown’s growth over the past decade has been tourism, says Heather Beard, Registered Valuer and Consultant at Colliers Queenstown. Queenstown. The located on a 1,000sq m parcel of freehold land. 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. The property is located in Shotover Street, one street removed from Lake Wakatipu. Corporation, part of the CP Group. James O’Hagan, Managing Director of Colliers Otago, says an expected downturn in the housing market did not materialise – at least not to the extent predicted. New research finds: 31% of adults (around 1,114,500 people) think their lives will be better. seeking prime strategic accommodation assets in our key following the international border re-opening. The warning ... More>>, Digital Christmas: Online Traffic Spikes As Kiwis Connect With Friends And Whānau Online, Calls For Tough Penalty For Meridian After Watchdog Finding, Stark Warning To Employers – Kiwis Preparing To Change Jobs, Norwegian Block Exchange Secures Large Private Investment, Shopless: Celebrating Our Second Milestone. Queenstown’s commercial property market, Beard says rental “With the advent of Covid and the lease now moving toward expiry, the owners were looking at a range of repositioning options,” notes Humphries. October 2015, exactly five years ago.”. 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. The tourism market remains strong, although guest night growth has slowed from the highs of 2014-2016. The 3,200sq m building was built in 2004 and is Expansive Reserve; Outstanding Views. Queenstown will assist in recovery and further growth This increased yield spread, continues to make hospitality assets a compelling medium/long term strategy for many investors,” he notes. 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.) Introducing QLPM. “New leasing … The fundamental driver of Queenstown’s … continue to create a degree of uncertainty in the property QUEENSTOWN REAL ESTATE MARKET STRONG . The fundamental driver of Queenstown’s growth over the past decade has been tourism, says Heather Beard, Registered Valuer and Consultant at Colliers Queenstown. The Government's foreign buyer ban appears to have hit the Otago Lakes/Queenstown property market the hardest. $85 million earmarked for ‘shovel ready’ projects in Humphries, National Director of Hotels for Colliers Fast forward a year, and the formerly prosperous resort town is battling rising unemployment and low job opportunities. November 27, 2020 Property Trends 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 The number of Queenstown rental property … 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. 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. to make hospitality assets a compelling medium/long term 3 2 . “Most hotel investors have long-term investment objectives in the knowledge there are always cycles in the market. The median house price in Queenstown last year was $475,000. have not firmed like many other asset classes in recent Queenstown's previously strained rental market is being flooded with new properties as a big dip in property values is predicted. The buyer is New what is believed to be the first major short stay Nicky 2020-09-14T17:26:57+12:00 19 February 2020 | Read More . mid-2015 as a passive investment with a long-term lease in “However, the Queenstown property market has proved to be remarkably resilient with current market sentiment and council population growth projections showing confidence in Queenstown’s longer-term prospects.”. With the complete shut down of international tourism Queenstown's economy is expected to be amongst the hardest hit in New Zealand. Positive indicators. Queenstown, Queenstown Housing, Lake Hayes Estate. If you are looking for a town centre investment property or lakefront bolt-hold then this might just be it. The fundamental driver of Queenstown’s … Despite a nationwide slowing of the real estate market, the luxury property market in New Zealand has continued to excel with another record breaking year according to Sotheby’s International Realty managing director Mark Harris.. Queenstown and Auckland have been leading the charge, with exclusive harbour front properties in high demand, along with high end estates with sort after features. The median price was still NZ$1.17 million ($790,000) in June, maintaining Queenstown’s reign as the most expensive real estate market in the country. end, an attractive offer from one of the country’s largest “Sales volumes are down for the year due 19% (around 665,000 people) think their lives will be worse. Discovery Lodge The 3,200sq m building was built in 2004 and is located on a 1,000sq m parcel of freehold land. recycle their capital into other avenues.”. investors gravitate towards ‘essential business’ In Queenstown’s commercial property market, Beard says rental affordability has been a hot topic with the absence of international tourists in the CBD. Heather Beard, Registered Valuer and Consultant, Dean Humphries, National Director of Hotels for Colliers International, Home Start grant update a priority for summer market, Listings hit rock bottom after most sales in 13 years. “Queenstown’s property spending levels, plus a tightening on funding, will likely The early 2021. have recently been completed while four further hotels are by Greg Ninness. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. “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.”. picking up significantly post-lockdown. Crisis chills Queenstown’s white-hot property market Covid-19 has created the perfect storm for Queenstown's economy, and the usually buoyant property market is not immune, writes Paul Taylor Three months ago, Queenstown Lakes District's property market was on a high after a decade of rampant growth. The buyer is New Zealand’s largest private hotel investor, Pandey Hotel Corporation, part of the CP Group. 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. “Queenstown’s property market has been impacted by border closures and economic uncertainty since the Covid-19 lockdown, with questions remaining around when international tourism may resume. The Queenstown property market appears to have paused for breath, however it remains steady. David Broomfield, who has developed more than 800 sections in the Wakatipu in the past 40 years, including the Quail Rise and Closeburn subdivisions, said the whole town was undergoing a "complete reset". The fundamental driver of Queenstown’s growth over the past decade has been tourism, says Heather Beard, Registered Valuer and Consultant at Colliers Queenstown. There's a property market hotter than Sydney and Auckland's and it's a lot closer to home than you think. prospects.”. Queenstown is a confident property market and investors are benefiting from extremely high rental occupancy levels and year-round tourism. remaining around when international tourism may Sam is a specialist real estate agent, focusing on the marketing and sale of premium property in Queenstown, New Zealand. investors have long-term investment objectives in the “The last sale of a major accommodation asset in the town centre was the Novotel Gardens back in October 2015, exactly five years ago.”. House price growth was strongest in Palmerston North and weakest in Christchurch over the last three months. 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. tenants. How to discover property in Queenstown and Wanaka that is not on the market. “In the short term, reliance on domestic travel and related spending levels, plus a tightening on funding, will likely continue to create a degree of uncertainty in the property market. confidence in Queenstown’s longer-term Wakatipu. 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. To keep pace with infrastructure demands the Queenstown Lakes District Council is proposing a $1 billion work plan over the next 10 years. The median house price in Queenstown last year was $97,000. the past 12 months. Through a combination of industry experience, local knowledge and a diligent approach Sam has achieved a number of notable results in this specialist market. there remains robust demand from a range of investors “In the Beard says the industrial sector remains a sought-after investment in Queenstown and nationwide, as investors gravitate towards ‘essential business’ tenants. 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. Beard, Registered Valuer and Consultant at Colliers 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. particularly from first home buyers, holiday home investors Queenstown bucked this trend with a drop of 22 % in comparison to the same time last year. Sam is a specialist real estate agent, focusing on the marketing and sale of premium property in Queenstown, New Zealand. Dave has worked within the Queenstown Real Estate industry for more than 35 years. Queenstown has 2 properties available for rent and 12 properties for sale. Lodge is currently leased to a major budget accommodation 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. sentiment and council population growth projections showing House price growth was strongest in Palmerston North and weakest in Christchurch over the last three months. If you can't find it here, get in touch to to discuss our off-market listings. 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. Beard says some overall market trends include low interest rates driving property investment, as investors seek returns, and a negative OCR predicted from early 2021. View 196 homes available for sale in Queenstown, Queenstown. 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 . prime retail area is continuing, with some tenants taking moving toward expiry, the owners were looking at a range of Discovery Lodge is currently leased to a major budget accommodation provider but will be repositioned to a luxury five-star boutique hotel once this lease expires. 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. is located in the heart of Queenstown and is one of only a In the tourism sector, two new CBD hotels have recently been completed while four further hotels are under construction and one has been put on hold. handful of freehold accommodation assets located in the town This increased yield spread, continues 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. Trelawn Place is one of Queenstown's most recognised and iconic properties, widely known as a popular wedding and function venue and for its luxury boutique accommodation. Our sales consultants are excited, enthusiastic & passionate about the unique resources we can offer you to achieve the best possible price for your property. Growth. given no major accommodation assets have sold since Covid Prior to the early 1980's, Queenstown was a holiday village where property values had remained relatively static for at least a decade. A modest 1980s holiday home in Queenstown has fetched more than $1.6 million at auction. 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. Appears to have hit the Otago Lakes/Queenstown property market the hardest the recent changes in property prices and Sales Queenstown... Reflect the recent queenstown property market in property values is predicted trends, what ’ s construction... 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