Queenstown’s newest residential subdivision is providing discerning purchasers with a rare opportunity to acquire land in a boutique enclave elevated above popular Lake Hayes Estate. Kawarau Heights will comprise 100 freehold sections on a north-facing plateau with spectacular 360-degree views taking in Queenstown’s iconic mountains including the Crown Range, The Remarkables, Coronet Peak and Ben Lomond.
Colliers’ James O’Hagan, who is selling the subdivision, says Kawarau Heights will appeal because of its boutique positioning, north facing aspect and amazing outlooks.
“Every square metre of Kawarau Heights has been carefully considered to create a desirable community with an emphasis on quality. Design and landscaping guidelines have been developed to craft a cohesive neighbourhood that’s in keeping with the rural and natural alpine environment.
“While the average section size is 615sqm, there are a range of options available from 290sqm through to 2,710sqm. A flat contour should make for easier construction and minimised earthworks.”
Raylene McQueen, who is selling the subdivision alongside O’Hagan, adds that its value is underpinned by a well-connected location to enjoy the Queenstown lifestyle.
“Kawarau Heights boasts an exceptional balance between breath-taking scenery and convenient location. Importantly, the subdivision is within walking distance of a primary school, multiple early childcare centres, a medical precinct and its very own retail offering that will include cafes and convenience retail.”
“Residents will have access to over 130kms of off-road trails on their doorstep, including the Twin Rivers trail that runs adjacent to the subdivision.
O’Hagan says that the sites have become available at the perfect time with demand continuing to outstrip supply in the ever-popular region.
“Queenstown has historically outperformed other New Zealand markets and remains an appealing destination for property ownership and investment. Land is now in short supply, so residential section sales are exceeding $1,000 per sqm.
“Despite the impact of COVID-19, market conditions are favourable as interest rates remain at record lows and recent changes to the Brightline Test and proposed tax policy changes favour new builds. We’re seeing banks offering compelling new-build mortgage rates as low as 1.79 per cent.
“An influx of people coming from overseas and expats returning home is adding to strong existing local demand, and fear of missing out remains apparent among prospective purchasers.”
Kawarau Heights is being developed by Queenstown Commercial – a company associated with award-winning private family development company, The Sanderson Group. They were instrumental in the development of the Queenstown Country Club Retirement Village and are completing the Kawarau Park Medical and Retail Precinct which will accommodate Southern Cross - Queenstown’s first private hospital.
O’Hagan says that interested parties should enquire today to avoid missing out on securing a piece of this special land.
Registrations are encouraged at kawarauheights.co.nz