New Zealand’s Queenstown a holiday heaven for Australian investors looking for luxury
Luxury properties in Queenstown are in demand from Australians, particularly if they have a proven track record of producing high income returns from holidaying tourists.
Luxury properties in Queenstown, New Zealand, are in demand from Australians, particularly if they have a proven track record of producing high income returns from holidaying tourists.
Luxury Real Estate New Zealand director Nick Horton says many lakefront and alpine-style houses and apartments in the popular South Island destination sell as holiday homes, often with furniture and artwork included.
“With uncertainty around building costs matched with people’s busy lives, the value of not having to do anything but enjoy seasonal holidays for family and friends and enjoy passive incomes which cover costs and finance has become desirable,” Mr Horton told Mansion.
Australians are among few world citizens who can actually buy residential real estate in New Zealand, following bans on Americans and Chinese mainlanders from purchasing by the former Ardern government.
One of the most expensive properties on offer on New Zealand’s South Island at present is an award-winning house fronting 134 Park St, Queenstown with an asking price of $NZ11m ($10m).
The 520sq m five-bedroom, five-bathroom property overlooking Lake Wakatipu as well as the Remarkables mountain range sports hydronic underfloor heating and large sliding doors as well as oversized windows for the spring and summer months. The owners are selling as they have moved to another location within New Zealand, Mr Horton said.
On a smaller scale, Luxury New Zealand is offering a property fronting 37 Arrowtown-Lake Hayes Rd, Queenstown, for $NZ7.995m. The overseas owner is selling the four-bedroom property as it is surplus to requirements. Access to the property is gained through a glass foyer, with the property featuring a library with an open fire as well as a deck.
The home has two master bedroom suites on different levels, both with built-in wardrobes and ensuites. The property has a three-car garage, while a schist stone staircase provides access to the Lake Hayes loop trail and wider Queenstown trail.
The Maplewood Villa is on the market for $NZ3.75m. Fronting 453 Littles Rd, Dalefield, it is being sold as a turnkey investment holiday home with a five-star rating on Airbnb. All furniture and artwork are included in the sale of the property, which is situated in the heart of the scenic township of Dalefield between Queenstown and Arrowfield. Reached by a tree-lined access driveway, the home has alpine views and is set on more than 6000sq m of landscaped grounds.
Villa 3 @ The Commonage, Kerry Drive, Queenstown Hill, is on the market for $NZ3.5m. The three-bedroom and three-bathroom villa is positioned high on Queenstown Hill at one of the city’s most prestigious addresses.
At $NZ3m, The Shotover is one of the cheaper properties Mr Horton has on offer. The owners of the 301/53 Shotover St, Queenstown Central property are New Zealand locals who are selling as the property is surplus to requirements.
The three-bedroom and three-bathroom unit is one of the more elevated flats in the apartment block and offers spectacular mountain and lake views. All the bedrooms have their own luxury ensuites.
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