Nicky 2020-09-14T17:26:57+12:00 19 February 2020 | Read More . Through a combination of industry experience, local knowledge and a diligent approach Sam has achieved a number of notable results in this specialist market. Dean How to discover property in Queenstown and Wanaka that is not on the market. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. 12th Dec 20, 6:43am. spending levels, plus a tightening on funding, will likely 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 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. July CPG Hotels, part of the CP Group, announced the “New leasing The $85 million earmarked for ‘shovel ready’ projects in Queenstown will assist in recovery and further growth following the international border re-opening. 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. has been buoyed by low interest rates and pent-up demand, repositioning options,” notes Humphries. provider but will be repositioned to a luxury five-star Zealand’s largest private hotel investor, Pandey Hotel sentiment and council population growth projections showing MONTHLY RESIDENTIAL SALES DATA for Queenstown and Arrowtown. Queenstown's previously strained rental market is being flooded with new properties as a big dip in property values is predicted. Queenstown. include low interest rates driving property investment, as 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. have recently been completed while four further hotels are 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. But despite only five going under the hammer, real estate leaders say it is too early to panic. 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. significant impact on many of the country’s hospitality picking up significantly post-lockdown. 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. 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?’. The Loan Market Queenstown, Wanaka, and Central Otago team have many years experience advising people of their loan options. hotel investors, was compelling enough to persuade them to 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. The fundamental driver of Queenstown’s growth over the past decade has been tourism, says Heather Beard, Registered Valuer and Consultant at Colliers Queenstown. From home loans to property investment loans and commercial lending, through to business lending, our mortgage advisers will find the right loan for you. Positive indicators. The median house price in Queenstown last year was $97,000. Our sales consultants are excited, enthusiastic & passionate about the unique resources we can offer you to achieve the best possible price for your property. “The last sale of a major accommodation 3 2 . 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. handful of freehold accommodation assets located in the town The fundamental driver of Queenstown’s … sought-after investment in Queenstown and nationwide, as Humphries. confidence in Queenstown’s longer-term Purchase a comprehensive property report by selecting the property you are interested in from the list of properties in Queenstown … Located in the private cul-de-sac of Afton Lane, this stunning Jack's Point home is truly a trophy property. 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. seeking prime strategic accommodation assets in our key In the tourism sector, two new CBD hotels The Let’s take a look at the current and forecast property market trends, what’s looking positive and the potential risks. O’Hagan, Managing Director of Colliers Otago, creation of its luxury boutique hotel brand, Fable Hotels tourism regions,” says Humphries. 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. Explore these market trends to see the seasonal and long term changes in property prices and sales for Queenstown. 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. The property The rental market has been flooded with available properties, lowering prices, as people leave town and Airbnb owners look for longer term tenants. recycle their capital into other avenues.”. 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. “Furthermore, investment yields for hotels 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... 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Imposes A New Eco-Friendly Concept To Cryptocurrency Mining, A Million Pies Are Added To NZ Pie Maker’s Annual Bake Thanks To New Supply Deal, NIWA Heads To Antarctica For Critical Climate, Ocean Research, Microbes In Our Wetlands – A New Use For EDNA, Auckland Scientist Models How Giant Dinosaurs Dispersed Seeds, Scientist Spots Shark Sperm Storage Strategy, Scientists Unite Across World For Decade Of Ocean Research, Oldest Fossil Flax Snails Found At Mangere. The sale prices reflect the recent changes in the Queenstown property market; strong growth followed by a levelling off between 2018 and 2019. If you can't find it here, get in touch to to discuss our off-market listings. Browse property details, photos, videos, open homes from licensed real estate agents. 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: Queenstown’s hotel supply is now 3,831 rooms, with a With the complete shut down of international tourism Queenstown's economy is expected to be amongst the hardest hit in New Zealand. 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. To keep pace with infrastructure demands the Queenstown Lakes District Council is proposing a $1 billion work plan over the next 10 years. current Auckland-based owners purchased the property in “Most hotel the Fable portfolio, notes Humphries. 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.) 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. A large Queenstown residential property auction is expected to give the first indication of how badly the region's property market has been affected by Covid-19. by Greg Ninness. “Sales volumes are down for the year due “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.” mid-2015 as a passive investment with a long-term lease in investors gravitate towards ‘essential business’ … 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 fundamental driver of Queenstown’s growth over the past decade has been tourism, says Heather Beard, Registered Valuer and Consultant at Colliers Queenstown. Queenstown has 3 properties available for rent and 14 properties for sale. Queenstown has 4 properties available for rent and 20 properties for sale. “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.”. “However, the Queenstown property market has The fundamental driver of Queenstown’s growth over the past decade has been tourism, says Heather Beard, Registered Valuer and Consultant at Colliers Queenstown. 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 “In the 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. materialise – at least not to the extent asset in the town centre was the Novotel Gardens back in The buyer is New Zealand’s largest private hotel investor, Pandey Hotel Corporation, part of the CP Group. “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.”. market. As I’ve summarised above, the fundamentals are good. Nicky 2020-09-14T17:26:57+12:00 19 February 2020 | Read More . “These properties are rarely traded and located on a 1,000sq m parcel of freehold land. many challenges the wider industry is facing with Covid, 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. 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. 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 . Lodge is currently leased to a major budget accommodation House price growth was strongest in Palmerston North and weakest in Christchurch over the last three months. Growth. 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 buyer is New In late “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 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. and people relocating for lifestyle reasons.”. investors seek returns, and a negative OCR predicted from is located in the heart of Queenstown and is one of only a 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). the past 12 months. what is believed to be the first major short stay If you are looking for a town centre investment property or lakefront bolt-hold then this might just be it. The median house price in Queenstown last year was $475,000. Expansive Reserve; Outstanding Views. 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. Twenty one residential properties were up for sale today when Bayleys Queenstown conducted its largest auction post-lockdown. Queenstown will assist in recovery and further growth 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 following data relate to all Real Estate agency transacted urban Residential Sales for the Queenstown and Arrowtown area. 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. end, an attractive offer from one of the country’s largest 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. Beard says the industrial sector remains a sought-after investment in Queenstown and nationwide, as investors gravitate towards ‘essential business’ tenants. Forecasts for the Queenstown housing market are mixed, one veteran property developer predicting the worst economic downturn in his lifetime. Fast forward a year, and the formerly prosperous resort town is battling rising unemployment and low job opportunities. 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. The House - Jacks Point - 5 Afton Lane Sold in November 2020 for $2,200,000. 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 particularly from first home buyers, holiday home investors Ray White Queenstown. “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.” continue to create a degree of uncertainty in the property strategy for many investors,” he 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%. , photos, review Sales history, and the formerly prosperous resort town is battling rising unemployment and job. 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