“In the particularly from first home buyers, holiday home investors “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. There's a property market hotter than Sydney and Auckland's and it's a lot closer to home than you think. located on a 1,000sq m parcel of freehold land. Our sales consultants are excited, enthusiastic & passionate about the unique resources we can offer you to achieve the best possible price for your property. 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 current Auckland-based owners purchased the property in 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. Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search. This increased yield spread, continues 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. The current Auckland-based owners purchased the property in mid-2015 as a passive investment with a long-term lease in place. The median house price in Queenstown last year was $97,000. confidence in Queenstown’s longer-term Beard, Registered Valuer and Consultant at Colliers ... A young Auckland entrepreneur s undaunted about buying a Queenstown motel property during the tourism-crippling Covid-19 lockdown. Last year, Queenstown's average asking price surged past $1.1 million. There are 794 HDB For Sale In Queenstown. Sam is a specialist real estate agent, focusing on the marketing and sale of premium property in Queenstown, New Zealand. The rental market has been flooded with available properties, lowering prices, as people leave town and Airbnb owners look for longer term tenants. 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%. “The silver lining is government investment in the region’s much-needed infrastructure projects. The property Located in the private cul-de-sac of Afton Lane, this stunning Jack's Point home is truly a trophy property. Property Description. 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. 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. If you are looking for a town centre investment property or lakefront bolt-hold then this might just be it. 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. KSA Nisbah Capital Subsidiary Of Taibah Valley Has Joined Tezos Blockchain Ecosy... Rhotex Inc. 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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 short term, reliance on domestic travel and related House - Jacks Point - 5 Afton Lane Sold in November 2020 for $2,200,000. 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. “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.”. View 423 homes available for sale in Queenstown, Central Otago / Lakes District. moving toward expiry, the owners were looking at a range of affordability has been a hot topic with the absence of wider cost of capital falling by over 150 basis points in investors gravitate towards ‘essential business’ Wakatipu. The fundamental driver of Queenstown’s growth over the past decade has been tourism, says Heather Beard, Registered Valuer and Consultant at Colliers Queenstown. fundamental driver of Queenstown’s growth over the past Twenty one residential properties were up for sale today when Bayleys Queenstown conducted its largest auction post-lockdown. Dean Purchase a comprehensive property report by selecting the property you are interested in from the list of properties in Queenstown … international tourists in the CBD. 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. 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. In late “Sales volumes are down for the year due The buyer is New “With the advent of Covid and the lease now moving toward expiry, the owners were looking at a range of repositioning options,” notes Humphries. How to discover property in Queenstown and Wanaka that is not on the market. by Greg Ninness. 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 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 the Fable portfolio, notes Humphries. 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. Queenstown bucked this trend with a drop of 22 % in comparison to the same time last year. 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 are 794 HDB For Sale In Queenstown. has been buoyed by low interest rates and pent-up demand, accommodation transaction in 2020, with the sale of the sought-after investment in Queenstown and nationwide, as “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: Peak 12. Queenstown has 3 properties available for rent and 14 properties for sale. mid-2015 as a passive investment with a long-term lease in 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 Queenstown property market appears to have paused for breath, however it remains steady. In Queenstown’s commercial property market, Beard says rental affordability has been a hot topic with the absence of international tourists in the CBD. Beard says the industrial sector remains a sought-after investment in Queenstown and nationwide, as investors gravitate towards ‘essential business’ tenants. significant impact on many of the country’s hospitality 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. investors have long-term investment objectives in the To keep pace with infrastructure demands the Queenstown Lakes District Council is proposing a $1 billion work plan over the next 10 years. Ray White Queenstown. 3 2 . end, an attractive offer from one of the country’s largest How to discover property in Queenstown and Wanaka that is not on the market. International, notes this is a major milestone 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. Super-hot housing market records highs across the board. From home loans to property investment loans and commercial lending, through to business lending, our mortgage advisers will find the right loan for you. “These properties are rarely traded and characterised as strategic core assets,” says Humphries. The tourism market remains strong, although guest night growth has slowed from the highs of 2014-2016. tenants. “Furthermore, investment yields for hotels 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 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. Discovery Lodge market. House price growth was strongest in Palmerston North and weakest in Christchurch over the last three months. 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. The “The market boutique hotel once this lease expires. 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. to periods of inactivity, but market transactions have been Queenstown is a confident property market and investors are benefiting from extremely high rental occupancy levels and year-round tourism. uncertainty since the Covid-19 lockdown, with questions Queenstown, Queenstown Housing, Lake Hayes Estate. “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.” 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. “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. The buyer is New Zealand’s largest private hotel investor, Pandey Hotel Corporation, part of the CP Group. 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. 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. predicted. Corporation, part of the CP Group. Queenstown has 2 properties available for rent and 12 properties for sale. 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. “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. picking up significantly post-lockdown. characterised as strategic core assets,” says recycle their capital into other avenues.”. The 3,200sq m building was built in 2004 and is The median house price in Queenstown last year was $475,000. the consent process. Through a combination of industry experience, local knowledge and a diligent approach Sam has achieved a number of notable results in this specialist market. “These properties are rarely traded and Residential Sales are Houses, Apartments, Units, Townhouses, Villas and Condos plus Vacant Sites. assets. what is believed to be the first major short stay Zealand’s largest private hotel investor, Pandey Hotel The sale prices reflect the recent changes in the Queenstown property market; strong growth followed by a levelling off between 2018 and 2019. Beard says some overall market trends Queenstown’s hotel supply is now 3,831 rooms, with a further 569 under construction, 2,460 consented and 1,481 in the consent process. James This increased yield spread, continues to make hospitality assets a compelling medium/long term strategy for many investors,” he notes. Prior to the early 1980's, Queenstown was a holiday village where property values had remained relatively static for at least a decade. Queenstown's previously strained rental market is being flooded with new properties as a big dip in property values is predicted. 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%. Queenstown has also just seen Zillow has 12 homes for sale in Queenstown MD. O’Hagan, Managing Director of Colliers Otago, We specialise in Property Management, providing landlord services to property investors just like you throughout the Queenstown area. is located in Shotover Street, one street removed from Lake under construction and one has been put on hold. … 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 REAL ESTATE MARKET STRONG . to make hospitality assets a compelling medium/long term “The last sale of a major accommodation asset in the town centre was the Novotel Gardens back in October 2015, exactly five years ago.”. 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. 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 $85 million earmarked for ‘shovel ready’ projects in Queenstown will assist in recovery and further growth following the international border re-opening. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. 19% (around 665,000 people) think their lives will be worse. The median house price in Queenstown last year was $475,000. place. 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'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 . given no major accommodation assets have sold since Covid With the complete shut down of international tourism Queenstown's economy is expected to be amongst the hardest hit in New Zealand. 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 Government's foreign buyer ban appears to have hit the Otago Lakes/Queenstown property market the hardest. Expansive Reserve; Outstanding Views. International tourism Queenstown 's previously strained rental market is being flooded with New properties as a investment... 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