International scramble for blue-chip property
Monday 26 July 2004
Australian buyers are among those lining up to bid on Friday for a parcel of prime Queenstown commercial property worth an estimated $56 million.
By The LandlordLocations Realty manager Henk Hoogvliet said it was the largest chunk of blue-chip real estate to go on the Queenstown market in the past 15 years.
The eight properties are owned by a group of eight financial investors from Singapore and Malaysia.
Australian interest had come mainly from Perth, Brisbane, Sydney and Melbourne.
Read More - Opens in a new window
Commenting is closed
A property trader, who has attracted unfavourable media attention in recent years, has received a formal warning from the Commerce Commission.
There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.
LVR restrictions were never meant to be a permanent feature of New Zealand’s housing market and ANZ economists argue that some further relaxing of them could soon be on the cards.