Inflation is certainly out of control here on land in Queenstown
went to a 5 section action in arrowtown only 1 sold 525,000
had a look at the Jacks point sections aswell over 1000 sections in total to be sold.
$400-700,000[:0] mostly 700-900sqm No lake views 20mins+ drive to a boat ramp,30mins+ to Queenstown CBD
To Build a decent 3brm 240sqm house here your be paying at least $400,000 No extras.
- bottom dollar cost ==$800,000 Not exactly affordable housing for the future here ,still a few new houses in some areas for alot less but the future dosn't look to affordable, Once the buyers soak up the last of these There be only oneway for new houses prices to go