Close to 50 per cent of property sales in Queenstown involve offshore or North Island-based buyers. They are surprised at how relatively simple it is to purchase property here - a place to which they can return year after year to indulge their passion for fishing, skiing, wining and dining or the outdoors. And for the rest of the year, the property can be managed or rented out.
We believe Queenstown has key benefits for property investment. It is arguably the strongest growth region in New Zealand with these notable features:
The region is continuing to experience dramatic development to its infrastructure, including an airport extension catering for more international flights from Australia. We're seeing a significant number of managed apartment complexes go under construction or receive resource consent. Numerous nationwide retail chains have opened branches here due to rapid growth in permanent population.
Queenstown's capital growth averages at 13 per cent per year over the last 30 years but, due to a period of settled inflation, is consolidating to five to eight per cent. An investment property is likely to yield not only excellent rental returns but some of the most profitable capital growth in New Zealand.
Queenstown's shoulder seasons have disappeared and that's reulted in extraordinarily high year-round demand for rental property. It's been called a "rental crisis" and, as an investor, you can rest assured that your Queenstown property will be in demand 365 days per year.
Queenstown has fully transitioned from a domestic to an international resort. The burgeoning tourism industry is complemented by other industries including viticulture, lifestyle and film - people from all walks of life are making Queenstown their permanent residence.
The expansion of the town is demanding more workers from a wide range of industries. Workers bring families with them from the rest of Otago, New Zealand and overseas - and they all need accomodation. With real estate values soaring, renting is often a preferred option and demand hugely outstrips supply.
At Harcourts Property Management & Rentals, we provide a specialised and individual property management service, tailor-made to suit each of our clients' needs.
Established in 2001, we now have an extensive management portfolio of over 500 properties.
Property Management is more that just putting tenants into a dwelling. We promise to deliver in multiple areas and deliver in your best interest.
Our reporting procedures keep you completely informed:
We run regular property inspections to give you constant peace of mind:
We oversee all maintenance to free you of the hassle:
We advertise your property to find the most suitable tenants and maximise your return:
Or find us at:
Level 1, 5 Duke Street, Queenstown, 9300
Phone: +64 (0)3 441 0793
Fax: +64 (0)3 442 8730