Queenstown properties snapped up during holiday period

The return of Australian skiers, school holiday visitors and out-of-towners to Queenstown hasn’t just benefited tourism businesses. During a bumper winter school holidays, the Queenstown Harcourts real estate office saw a noticeable lift in the number of buyers literally walking through its front door. Sales manager Priscilla Uhrle says they weren’t just browsing, either.
“Last week saw an out-of-town investor walk in off the street wanting a new build opportunity. They now have an agreed offer on an in-town apartment off-plans,” she says.
In another instance, a Christchurch couple also walked in the door, talked to an agent and put forward an offer on a CBD managed apartment. An Auckland couple visiting in the first week of the holidays also came to the office, viewed a property that morning and were bidding on it at auction by midday on the same day. Priscilla says the most recent stats show that in the first half of this year 32% of Harcourts Queenstown property sales were to buyers looking for a ‘lock and leave’ holiday home or a short-term investment property that they could experience themselves as well as enjoying better returns.
“Our most recent Market Report analysis shows that 55% of all buyers in Queenstown for the first half of this year were from out of town, with 10% of them from overseas,” she says.
Priscilla attributes the office’s success with out-of-town buyers to its decision to retain its prime position in Queenstown’s busy CBD and its prominent shop frontage, one of the few remaining real estate companies to have committed to the town centre.
“Buyers immediately have trust in our brand being the most prominent in the street and there’s a licenced agent in the office available to chat with buyers and offer great advice.”
Priscilla says the Harcourts Otago market report offers even further insight into recent activity https://harcourtsotago.co.nz/otago-market-report/