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Queenstown Property Market Report

Queenstown's buoyant property market is fuelled by strong demand both in New Zealand and overseas for a stake in this fast growing tourist resort. Some land values have doubled in Queenstown-Lakes in the past three years and statistics show a trend of increasing sales with unprecedented prices being paid for quality sites in quality locations.

A growing trend is for overseas buyers, particularly ex-pat Kiwis, to purchase properties unseen via the Internet to ensure their investment. The fast pace of growth and the increasing international focus on Queenstown is also reflected in tourism numbers. Latest Tourism New Zealand figures show a 12 per cent increase in guest nights against the national average of just under 10 per cent. Currently the best performing overseas markets are Australia, Korea and Japan with consistent growth in the US and UK sectors. Queenstown has become a destination choice with so many offshore residents having a second home in the town.

While tourism is the blue chip industry other industries are developing in tandem. Film making is having its impact and the resort is the centre of a vibrant boutique wine growing industry. Vineyards throughout the Central Otago region are attracting international recognition and the reputation of local Pinot Noir is well established.

Confidence is riding high in Queenstown and property observers predict the current trend will continue, underpinned by affordable and stable interest rates, making real estate in Queenstown a first choice option for investors. Get a piece of the action.
  Queenstown 4 Sale - email: osbornes@harcourts.co.nz - phone: +643 441 0779 - Mobile +64 27 4469835

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