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Buoyant Queenstown Property Market
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Apartment Investors Alerted To Buoyant Queenstown Property Market

Prominent Central Otago Vineyard

An opportunity of a lifetime has arisen to acquire Carrick, one of New Zealand’s most prominent and internationally renowned vineyards which has forged a reputation as one of Australasia’s best organic wine producers.

Located in the heart of Bannockburn, Central Otago in some of New Zealand’s best wine growing country. Enjoy a true sense of arrival as you enter Carrick, an integrated organic vineyard, winery, cellar door and a 70 seat restaurant that produces simple, healthy and sophisticated food. Overlooking the spectacular Bannockburn Inlet complete with elevated sweeping panoramic views the restaurant at Carrick is ideal for functions and private events.

Situated on 34 hectares (more or less) 24 hectares of which is planted, the soils are ideal for viticulture, the plantings are north facing and consistently produce premium wines. Carrick has received numerous accolades and produces some of the best Pinot Noir, Pinot Gris, Chardonnay, Riesling, and Sauvignon Blanc wines in New Zealand, many of which are noted for their fruit expression and clarity.
Commencing in 1994 the name Carrick derives from the gold mining town and mountain range to which it looks to.

This spectacular property comprises of several dwellings including three luxury residences with a combined total of 12 bedrooms and 7 bathrooms suitable for guest accommodation, a cellar, a winery and storage facility, offices, restaurant, meeting room and ample off street parking. This spectacular property is fully equipped with tractors, trailers and all the necessary tools and machinery for cultivation and for wine-making.

An established online shop and a national and international distribution outlet is in place. There is also potential for further plantings on the properties. From the current owners, to the viticulturist, the winemaker and the chef it is evident that genuine pride is reflected in the care and the environment within the Carrick vineyard.


Here is an extraordinary opportunity to add to the success of this property and business. Learn more here: Carrick

From Our Newsletter...

Summer of 2019

Queenstown, Wanaka, Cromwell, and Alexandra are experiencing a summer like no other! Temperatures have risen dramatically this month so its slip, slop, slap with plenty of sun screen. Just remember that the exposure to ultraviolet radiation (UVR) from the sun causes sunburn, skin damage and increases the risk of skin cancer. New Zealand has the highest melanoma rates in the world.

Apart from enjoying the lakes, walking tracks and balmy evenings around the barbecue sipping some of Central Otago’s best wines, why not venture out and enjoy some of the best fruit New Zealand offers.
Juicy, firm and grown it this part of the world, Central Otago is home to Apricots, Peaches, Plums, Nectarines, and Cherries. There are many orchards locally that allow you to pick your own so do take advantage of this opportunity.  

There has been a steady influx of visitors, friends and clients all enjoying the vibe of Queenstown, Wanaka and the surrounding towns. The total guest nights in Queenstown for the year to March 2018 were 3.6 million growing by 3 per cent growth compared to the previous year, and visitor spending had increased to $2.2 billion. It was predicted that the Central Lakes region had an influx of 100,000 over the Christmas period. Incredible isn’t it?

Queenstown’s resident population in 2018 was about 26,000 (more or less) however this is expected to almost double in 40 years, providing an ongoing and strong driver to the property market.

To keep pace with infrastructure demands the Queenstown Lakes District Council is proposing a $1 billion work plan over the next 10 years. Other developments include yet another new primary school and expansion of the new Wakatipu High School

Given the sentiment with our the economy and historically low interest rates, there is a positivity in the air with an increase in enquiry and a number of great results being achieved for both vendors and purchasers of property alike. 

Leading into Christmas, property sales throughout Queenstown dropped considerably with just 34 properties changing hands. The combined value was just over $39,929,000. Sales activity was down when compared to December 2017 when 55 properties where sold during the same period. December is usually a quiet month as people focus on Christmas holidays.

It is also interesting to note that at the top end of the market, properties that sold for more than $1 million across New Zealand actually decreased from 13.9% in December 2017 (852 houses) to 12.9% in December 2018 (687 houses). 

According to the REINZ Statistics, the median sales price for a property in December 2018 in the Queenstown Lakes District was $990,000 and the average number of days to sell a property was 43.   

The Real Estate Institute of New Zealand has released its monthly property report and HPI Monthly Data which provides a market leading level of detail and understanding of housing activity in New Zealand. The monthly property report has shown the lowest number of residential properties sold for the month of December for 7 years.

If you are considering purchasing a property or selling a property in or around Queenstown, I would appreciate the opportunity to advise you, and discuss how I can assist you with your purchase, or market and expose your home, apartment or land like no other in New Zealand. 

My telephone number is+64 21 226 1507 alternatively my email address is david.penrose@nzsir.com.

 

Waterfall Park Hotel Plans Spur Opposition

Environmental campaigners have poured cold water on claims by developers planning a 380-room hotel that the project would not further degrade nearby Mill Creek and Lake Hayes.

Commissioners have spent the last two days putting Waterfall Park Developments Ltd’s plans for the Waterfall Park complex, near Arrowtown, under the microscope at a resource consent hearing in Queenstown.

Twelve submissions were made opposing the plans, highlighting concerns of residents and the Friends of Lake Hayes Society (FOLH) over increased traffic, a loss of visual amenity and adverse effects on water quality in the nearby bodies of water.

Society secretary Richard Bowman said residents saw ”changes in the lake every day” in recent years, citing its temporary closure last year due to unsafe bacteria levels.

The society argued heavy rain events could also cause a huge rise in contaminants entering the water.
”In an extreme event, things change quickly,” Mr Bowman said.
Although the society is not anti-development, Mr Bowman said ”construction creates disturbance”.
Freshwater scientist Dr Marc Schallenberg was not able to appear in front of the panel on behalf of the society to comment on his scientific evidence due to him being in the Antarctic.

Mr Bowman requested an opportunity for Dr Schallenberg to appear at a later date, but said he was ”disappointed” commissioners had no further questions for him.

Architect John Blair, who lives near the planned hotel site, said it was a ”disruptive and inappropriate proposal”.
”I have a knowledge and passion for retaining what cannot be recovered once it has been exploited.
”Things should be changed for the better, not the worse.”

The developer was also going through other planning processes related to the proposed hotel.
It received approval from the Otago Regional Council for planned work on Mill Creek tributary last September, which would involve building bridges, weirs and culverts in and over the creek.

The work would only go ahead if the hotel plans were approved by the Queenstown Lakes District Council.
Commissioners also approved the developer’s plans for a new road accessing the development last June – a decision still subject to Environment Court approval.

The developer also sought to rezone Ayrburn Farm land as part of the QLDC’s proposed district plan, to make way for 200 residential units.

Its representatives said the rewards of the hotel project far outweighed the short-term risks the development could pose to the water bodies and would ultimately contribute to a reduction of contaminants entering the creek.

Developer Chris Meehan said the company planned to exclude stock from the Mill Creek area and stop using farming fertilisers, resulting in fewer contaminants entering the creek and lake.
The company has already cleared a large area of wilding pines and planted about 17,000 trees and shrubs on the land.

QLDC planners have recommended the hotel plans be approved, subject to conditions.

The consent hearing was adjourned to give the developer a chance to review consent conditions proposed by the QLDC yesterday.

Waterfall Park would then consider redrafting its plans and consult with the council and FOLH before a decision was made.