SOLD – Mudhouse, Long Beach, Russell

This is a true sanctuary, a rare and special place

Long Beach has always been considered the premier location within Russell. Luxury Real Estate is proud to present the best of the best. This 1.6 ha private and elevated slice of paradise would not fail to impress the most fastidious and demanding of buyers. Simply outstanding views and aspect are understatements in this instance and the nature of the terrain will ensure it stays this way.

To read more on this latest sale follow this link to Mudhouse, Russell


“A groundbreaking new concept for a private jet”

Replacing windows with high definition screens

“International agency Technicon Design, have created a groundbreaking new concept for a private jet, one that replaces windows with high-definition screens. The French office, which boasts extensive experience in the commercial aviation sector, describe their concept as “a simple ethos” that’ll evidently “challenge current thinking and propose something a little different, but not just a fantasy. It has to be credible and relevant, yet provoke discussion”. Camera’s within the planes fuselage or main body and wings, will actively capture views from the planes exterior and project them within the cabin walls and ceilings. The low-voltage display would be charged by solar panels embedded within the planes roof.”

Text and images via Design Folio

Foreign investment provides “A Gift to the Nation”

Looking up the Arrow River into Soho station:         picture credit STEPHEN JAQUIERY

Foreigners buying New Zealand land is a topic of great debate in the public and political arena.  290,000 hectares of land has been approved for foreign ownership since 2009 and a further 700,000 hectares has passed the OIO due as the deals have has some sort of foreign shareholding involved.  That equates to one 26th of the total land area of New Zealand.

Predominately foreign owned land in New Zealand will be farmed, however not all of these land holdings are bought soley for income and profit.  Earlier this week the Queen Elizabeth II National Trust announced the largest private land protection agreement ever done in this country – 10 times the size of any other covenant.  Essentially 53,000 hectares of land in Central Otago has become a “private National Park”, the land will be enhanced and protected with thousands of native plants put back into the land and birdlife is returning to the area.

The National Trust has been invited by the landholder to put most of this extraordinary Central Otago landscape of mountain and alpine tussock lands under the protection of a permanent covenant so that none of this work can be undone.

New Listing – 73 Mooney Road, Queenstown

The 400 square meter contemporary barn nestles seamlessly into its surrounds

Positioned on Mooney Road, one of the most desirable areas in Queenstown’s rural sector this elevated, private and understated residence is available for your consideration. You enter this 11 hectare paradise via a stunning tree lined driveway that leads you past several natural ponds, native planting, and hundreds of mature trees to the crow’s nest position where your new residence awaits.

The 400 square meter contemporary barn nestles seamlessly into its surrounds and has been thoughtfully designed as an open plan entertainer’s paradise. With its grand fireplace, open plan kitchen, dining and lounge it offers its guests the sense of being in a luxury lodge. This is a place where family and friends will come together sharing their experiences after a day in the adventure capital of the world. An outdoor fire sets off the stunning outdoor entertaining area with views across to the Crown Range and its captivating sunsets. A schist clad spa pool completes the area, perfect after a days skiing, golf or mountain biking.

For more information regarding this listing follow this link to 73 Mooney Road, Queenstown

New Listing – Matapaua Bay, Coromandel Peninsula

‘The Glades’ has been planned and serviced for 14 luxury lifestyle sections

Situated in the northeast coast of the Coromandel Peninsula is a truly rare opportunity that has been in the same family ownership for over 70 years. 320 acres of land is available currently in two titles, one a sensational coastal 100 acres and the other 220 acres comprising of mature pine forest and native trees.

The coastal block named ‘The Glades’ has been planned and serviced for 14 luxury lifestyle sections, all works completed and ready for transforming into individual titles. Over a million dollars has been spent on concrete roads, building platforms and services that are surrounded by native forest and enjoys expansive water views.

For more information regarding this opportunity follow this link to Matapaua Bay, Coromandel Peninsula


New Listing – 47 Mooney Road, Queenstown

Set on almost twelve acres of land assures privacy, space and uninterrupted views

A rare find, elevated on a ridgeline with views of both The Remarkables and Coronet Peak coupled with a Mooney Road address and you have some of the most sought after real estate in New Zealand.

Set on almost twelve acres of land assures privacy, space and uninterrupted panoramic views. Constructed in 2013 from western red cedar board & batten cladding and schist stonework, the 568sqm home provides every aspect expected in high quality modern living. Four master bedrooms all have well appointed en-suites with one thoughtfully configured as a multi purpose room which has a bunk room attached and could sleep five children and two adults. The intellect in the design of this home lies in its ability to expand or contract in size to suit the number of guests, it is split into 3 separate linked wings.

For more information on this listing follow this link to Mooney Road, Queenstown


“Art stimulates thought and creativity”

“They will change over time, gathering rust in places and creating their own unique story”

When Michael Hills created a contemporary sculpture park on the internationally renowned Hill Golf Course his intention was to expose young New Zealanders to range of art and sculptural works  as a means to “stimulate thought and creativity.”

“The Frolic and the Fancy” was added to the collection in 2013 and presides over the 7th tee.

“English born, Wellington based sculptor Max Patte (admits these horses took a bit of breaking in. Made of cast iron, weighing about 1.5tonnes and around 2.7metres tall, it is unusual for a sculptor to work on such a scale in cast iron, “Ordinarily, works like this would be cast in bronze, but I love the forms I can create with cast iron, it is a very honest medium, it wears the processes involved in the creation, from the seams and rougher edges, they will also change over time, gathering rust in places and creating their own unique story”. Patte spends his working life anchored in perfection with his work for the film industy, so he relishes projects like this: “As an artist, I love being able to create something more free flowing and dynamic in my private works”. After considering a number of different sites, Patte settled on the 7th tee for its surprise factor: “As you come around the corner from the 6th, you suddenly happen upon this brood, it’s very striking” says Patte. The herd is made up of a male and female, and slightly farther away, a female and 2 males, the males seem to be frolicking about, each with a distinctive and playful look on their faces.”

For  more information on this and other exhibits follow this link to The Hills Sculpture Park


Reduced Price – Gould Street, Bay of Islands

Magnificent property on two lots in one title 1561m2 approximately

Established in private gardens overlooking Russell, this grand home occupies two lots in a prime location. The property presents with stunning, elevated water views toward Paihia and Waitangi. With two levels of spacious living, features include a luxurious lounge and extended outdoor decking area on which to entertain or relax.

A great position, highly regarded for its proximity to the waterfront, cafes, restaurants and shops.

For more information on this opportunity please follow this link to Gould Street, Bay of Islands 

New high school expected to open in 2018

Remarkables Park will be home to Queenstown’s new high school in 2018

Information released by the Ministry of Education today announced that two public-private consortiums have been shortlisted to construct the new Wakatipu High School along with three other schools in New Zealand  to a combined total of $200 million.

The successful tenderer would not only build the new school on land at Remarkables Park in Frankton but also two schools in Christchurch and another in Auckland.

The new school at Frankton will cater for 1500 students to cope with Queenstown’s ever-growing population and replace the current school on Gorge Road which accommodates around 750 pupils.

Reserve Bank Raises OCR to 3.5 per cent

New Zealand’s economy is expected to grow at an annual pace of 3.7% over 2014

The Reserve Bank today increased the Official Cash Rate (OCR) by 25 basis points to 3.5 percent.

New Zealand’s economy is expected to grow at an annual pace of 3.7 percent over 2014. Global financial conditions remain very accommodative and are reflected in low interest rates, narrow risk spreads, and low financial market volatility.  Economic growth among New Zealand’s trading partners has eased slightly in the first half of 2014, but this appears to be due to temporary factors.

Construction, particularly in Canterbury, is growing strongly.  At the same time, strong net immigration is adding to housing and household demand, although house price inflation has moderated further since the June Statement.  With the exchange rate yet to adjust to weakening commodity prices, the level of the New Zealand dollar is unjustified and unsustainable and there is potential for a significant fall.

It is important that inflation expectations remain contained. Today’s move will help keep future average inflation near the 2 percent target mid-point and ensure that the economic expansion can be sustained. Encouragingly, the economy appears to be adjusting to the monetary policy tightening that has taken place since the start of the year. It is prudent that there now be a period of assessment before interest rates adjust further towards a more-neutral level.

The speed and extent to which the OCR will need to rise will depend on the assessment of the impact of the tightening in monetary policy to date, and the implications of future economic and financial data for inflationary pressures.

Statement issued by Reserve Bank Governor Graeme Wheeler