The market is ideal for those investors:
- Striving for a balanced investment portfolio.
- Wanting to have a holiday home base in the beautiful Queenstown basin with income to offset the cost of ownership.
- Keen on dual income property opportunities.
- Who are playing the long game.
The Queenstown basin and surrounding towns like Arrowtown and Cromwell offer a breath of investment types from sections and new builds in
subdivisions to apartments and units close to town to multi-income properties as well as small to large developments.
The Queenstown property market has changed significantly in the wake of the global Covid-19 pandemic, but has proved remarkably resilient,
with confidence growing again and big infrastructure spending in the pipeline (Colliers International’s newly released Otago Market Review
and Outlook 2020-2021).
The dire predictions for the likes of Queenstown due to its heavy reliance on the tourism sector have not eventuated and have left several
so-called real estate experts very red faced. No mortgagee sales here. Just investors dialing back rents for a period in the knowledge
that when the world opens-up again for international travel, the Queenstown area will be in a property boom once more, fuelled by high
demand from returning Kiwis and international folk wanting a truly safe and beautiful place to reside, causing rents and property values to
rise again above the record figures of late 2019/early 2020.
Some say, the next 12-18 months from the start of 2021 may be the last time ever some small to medium size investors will have a realistic
opportunity to enter the Queenstown property market in a neutral or even positive cashflow position, mostly due to the existing low
interest rates, even when rents are at their lowest for many years.