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


New Listing – Stonebridge

This classic design blends seamlessly with the environment

A wonderfully positioned residence set in a tranquil rural setting within the exclusive Stonebridge development, located in the heart of Dalefield. The classic design blends seamlessly with the environment and is enhanced with ponds and established native planting framed by iconic alpine views of Coronet Peak, Cardrona and a stunning aspect to the Remarkables Range.

A beautiful tree lined avenue leads to Stonebridge’s central village square branching into eight private residence’s, six with completed homes and each with their own freehold title. Each owner has a shared ownership in the surrounding forty acres, which protects the owners privacy from neighbouring homes. Stonebridge is a small intimate community with strict covenants to protect it from future development effects.

The  home is built from concrete block and solid plaster the quality and scale is to be admired. Garrick and Jill Tremain commissioned one of the most respected companies to construct their home, RBJ Builders who completed the project in 2002.   With three bedrooms, two bathrooms and an ample three bay garage with workshop this wonderful home has all that you would expect from a property of this calibre.

The opportunity to invest in this unique lifestyle location is rare and this premium residence is on the market for the very first time.

Please click here to find further information about this stunning property.

 


New Listing – Fitzpatrick Road

The 8.5 acre-park like estate is completely private yet has expansive views

Designed by Noel Tapp and Murray Bennett this classical country family home has been finished to an international, luxurious standard beyond the normal benchmark.

The elevated, north-facing position allows the home to enjoy long sunlight hours whilst being sheltered from prevailing winds by the heavily landscaped grounds and hundreds of fully mature trees. Majestic and serene are seldom used collectively but these words perfectly describe this outstanding estate.

The home can be configured into as many as five bedrooms, depending upon usage.  The interior at over 500m2 in size is of a premium standard.

The 8.5 acre-park like estate is completely private yet has expansive mountain and valley views that inspire feelings of seclusion whilst only ten minutes from Queenstown, Arrowtown, Coronet Peak ski field and the international airport.

The property must be viewed to take in all its features, both inside and out, an outstanding opportunity exists for the astute buyer.

To view more details about this property, please click here.


NZ High on China Travel Wish List

New Zealand ranked third in the top destinations that Chinese travellers wanted to visit

Chinese tourists are spending more time travelling overseas, with New Zealand in their top three “wanting to visit” destinations, according to a Hotels.com Chinese International Traveller Monitor report released this morning.

The report, which surveyed more than 3000 Chinese travellers and more than 3000 hoteliers, found that the number of Chinese travelling overseas had significantly increased, with 97 million heading overseas in 2013 compared with 83 million in 2012.  The Tourism Administration of China said this figure was expected to pass 100 million by the end of this year.

The report found that New Zealand ranked third in the top destinations that Chinese travellers wanted to visit in the coming year, with Australia ranked number one and France number two.

 


Price adjustment – Golden opportunity. Now offered at $1,650,000

This is a true sanctuary, a rare and special place offering a home site like no other.

Long Beach has always been considered the premier address in Russell, Northland. Luxury Real Estate New Zealand is proud to present a 1.6-hectare elevated slice of paradise, which would not fail to impress the most fastidious, and demanding of buyers.

Simply outstanding views and aspect are understatements when describing this property and the nature of the terrain will ensure it stays this way. For more information on this property and to take advantage of this opportunity please click here.


Tightly Contested Sailing Series in the Bay of Islands

Bay of Islands is an ideal venue for sailing events all year round

The Bay of Islands turned on some mixed conditions which made for an interesting and tightly contested weekend of racing as part of the Elliot 5.9 Traveller Series.  This classic design by Greg Elliot remains a popular choice of one design racing boat, offering all the performance and maneuverability required for match racing.  Many of the world’s top sailors have put in some serious time on these demanding little boats and even after 30 years the design still attracts serious talent.

The races were run in the protected waters just off the Russell waterfront and seven races over the weekend led to a narrow victory by ‘Retro’ of just 1 point. With good breezes and warm temperatures the Bay of Islands is an ideal venue for sailing events all year round.

Photography by Julie Kidman

 


Biggest Day Ever for Queenstown Airport

7000 passengers from 46 flights passed through the terminal

An influx of snow tourists and the onset of school holidays has seen the busiest ever day at Queenstown Airport.

A total of 46 flights – 26 domestic and 20 international – with 7000 passengers coming and going through the airport – an equivalent to half the resort town’s permanent population.

“In terms of numbers it’s our biggest ever day”, operations general manager Mark Harrington advised, “but we’re expecting even busier days during the winter”.

Three days of snowfall have meant all skifields around Queenstown are now up and running.

Mr Harrington said it was great news for businesses in the town, and was confident the airport could cope with growing visitor numbers.

In May the airport announced it was spending up to $10 million to allow airlines to fly into and out of Queenstown after dark, extending its operating hours and visitor capacity during the busy winter season.

 


SOLD – Taimana

Views from the entertainers kitchen have a breathtaking view of the Remarkables range.

Taimana is a superbly appointed luxury apartment located in the heart of Queenstown. Just minutes to walk to restaurants and shops the convenience of staying at Taimana is just one of the reasons it has a strong performing rental history.

Designed by International Interiors from Australia the apartment fitout is world class and has received wide acclaim from visitors from around the globe.

For further information regarding this sale of Taimana Apartment, please click here.


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