Ngai Tahu Delivers on Affordable Housing Promise

A virtually-complete three-level apartment block in central Queenstown incorporates some of the resort’s most affordable housing.

The first building in Ngāi Tahu Property’s residential development, Te Pā Tāhuna, on the former Wakatipu High School site, comprises 27 units, including 10 KiwiBuilds — Queenstown’s first — interspersed amongst them.

Those 10, which were massively oversubscribed, comprise one-bedroom units capped at $500,000, and two-bedders capped at $600,000 — they were available for qualifying buyers.

Read More

More Articles

Queenstown Airport Pays Record Dividend

On the back of a superb 2022 winter season, recovering Australian and domestic visitor numbers and an increasing local population, Queenstown Airport recorded gross revenue of over $30m for 6 months to...

22 Feb 2024

What Can We Expect in 2023?

It is always difficult to predict what is going to happen in the property market, let alone in a climate where there is so much global uncertainty. Couple this with the ongoing...

26 Jan 2024

Consented Hotel Site up for Grabs

One of Queenstown’s most talked about commercial sites is once again up for grabs. After obtaining resource consent for a 393 room hotel along with 12 retail tenancies in 2019, local developer...

11 Feb 2024