Known as the jewel in New Zealand’s tourism crown, Queenstown stands out as a prime investment destination. This can be attributed to its exceptional natural beauty, thriving tourism industry and lifestyle opportunities. The district’s ongoing infrastructure developments, such as improved transportation links and public amenities, have created an optimistic outlook for the town’s long-term prospects.
Recent years have seen the implementation of initiatives to encourage a more diverse economy for Queenstown. These moves are intended to reduce the town’s reliance on tourism and offer a wider mix of career options to attract professionals. Air and land accessibility has never been better, with easy connectivity throughout New Zealand and also to Australia’s Eastern seaboard.
According to Statistics NZ, Queenstown-Lakes recorded the fastest growing population by territorial authority in the June 2023 year. The town jumped eight per cent to 52,800 residents. In the past 15 years, the district’s population has doubled from 26,900.
Queenstown Real Estate
Queenstown real estate, in particular the luxury sector, is experiencing significant growth. This is driven by a combination of population increase, gentrification of the area, infrastructure investment and the availability of remote working. Queenstown’s real estate market provides a wealth of options for affluent buyers, from large lakeside estates and rural retreats to premium central Queenstown apartments.
As noted, population growth in Queenstown has been robust, with a notable influx of both international buyers and domestic movers. This demographic shift is partly fuelled by the area’s reputation as a premier tourist destination and a desirable place for a second home. The population increase has spurred demand for luxury properties, pushing prices upward and fostering a competitive buyer market.
Strong demand for Queenstown luxury holiday rentals has energised investment from buyers aiming on a long-term move to the area. Solid investment fundamentals and economic vigour mean the income potential provides the solution to holding a property until a move is made.
Queenstown’s luxury real estate market is characterised by high demand and limited supply. Buyers seeking a premium Queenstown property are recommended to take time to familiarise themselves with recent sales and the diverse geographical options across the district.
Luxury Real Estate specialise in the sale of Queenstown real estate. View properties for sale in Queenstown and the surrounding area here.
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