QUEENSTOWN
REAL ESTATE
NEWS & UPDATES

Read the latest property and Queenstown real estate news with a focus on information for buyers, property investors, sellers and the Queenstown real estate market.

All 2 /Articles 2 /Land for Sale 1 /Sales 1 /Tenders 1

REMARKABLE SPREAD FOR SALE

It’s being marketed as the best remaining development site in the Whakatipu Basin.
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1 April 2022/by Suze

QUEENSTOWN BUILDING SELLS FOR $17 MILLION

An Auckland investor has paid $17 million for Queenstown’s Bank of New Zealand building.
Read more >
8 July 2021/by Suze
VIEW QUARTERLY INSIGHTS & DATA

BAYLEYS INSIGHTS & DATA

Residential Market Update – Queenstown Region H1 2022

Median House Price
(Queenstown-Lakes District – Dec 2021)

$1,325,000

Annual Change in house prices
(12 months)

24.3%

Inventory
(weeks for market to absorb listings on market)

12

VIEW THE FULL REPORT

The Queenstown market in 60 seconds

Biggest trends

  • More Aucklander’s looking at Queenstown

    Greater percentage of enquiry is coming from Auckland for the Queenstown market. Work from home trends will make Queenstown an attractive place to live.

  • Serious buyers still transacting

    Buyers who have their financing sorted and are serious about purchasing are still transacting in the current market.

  • Supply chain nighmares

    Disruptions across global supply chain impacting the availability and cost of construction materials. This has been flowing through into higher cost to build new homes.

Outlook for the next 12 months

  • New suburbs being built

    Large master planned communities that have been under development like Jack’s Point and Hanley’s Farm are now releasing their next stages. You will have more stock coming to the market in the next few years.

  • Lending becoming harder

    Rises in interest rates and stricter lending criteria from banks expected to dampen some of the momentum in the market. Buyers should keep pre-approvals up to date and vendors should carefully consider offers that are conditional on finance.

  • International borders opening will help

    Queenstown an international tourist destination is already receiving interest from international buyers and not just expats.

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CHRIS CAMPBELL

Licensed Sales Consultant

QUEENSTOWN & SOUTHERN NZ REALTY LIMITED
LICENSED UNDER THE REA ACT 2008

021 932 441
[email protected]
Queenstown Real Estate Agent