Should Aussie investors consider New Zealand? Poll of the day

A new development in New Zealand’s Queenstown is being marketed as an “Overseas Investment Exception”, allowing Australian investors to skip the usual lengthy approval process through the New Zealand Government’s Overseas Investment Office.

The Wyuna Preserve development, on 160 hectares, features 34 building sites ranging in price from NZ$1 million to NZ$2.95 million.

Ray White Queenstown’s Bas Smith, who is marketing the project, said that so far 100% of the buyers have been offshore-based who value privacy.

Developer Tom Tusher bought previously purchased nearby land where he built Blanket Bay Luxury Lodge.

"Wyuna Preserve appeals to travellers of the world who recognise quality, value their privacy but also have a sense of community,” said Tusher.

“Wyuna offers a combination of qualities found nowhere else in the world and with Australia being so close we expect to see a lot more interest from that market," he said.

There are 21 blocks for sale, with six already built and three more under planning.

“The last two owners to build have been Australian and this is the obvious market for the remaining sites,” said Smith.

{mijopolls 53}