Real Estate in Queenstown, New Zealand
Last updated on Jun 16, 2024
Summary: People living in Queenstown, New Zealand offer advice about real estate. How do you find a home in Queenstown? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Queenstown?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Queenstown involves several steps. First, you need to determine your budget and what type of accommodation you're looking for. This could range from a shared room in a hostel, a private room in a shared house, a serviced apartment, or a private rental property. Next, you should start your search online. Websites like TradeMe and NZ Flatmates are popular for finding shared accommodation, while real estate websites like Harcourts, Ray White, and Bayleys are good for finding private rentals. You can filter your search by location, price, number of bedrooms, and other features. You can also check local newspapers like the Mountain Scene or the Southland Times, which often have rental listings in their classifieds section. If you're already in Queenstown, you can visit real estate agencies in person. They can provide you with a list of available rentals and may be able to arrange viewings for you. Another option is to join local community groups on social media platforms like Facebook. There are several groups dedicated to housing and rentals in Queenstown where members often post available rooms or properties. Once you've found a potential place, you'll need to apply. This usually involves filling out an application form and providing references. If your application is accepted, you'll need to sign a lease agreement and pay a bond, which is usually equivalent to three or four weeks' rent. Remember, the rental market in Queenstown can be competitive, especially during peak tourist season. So it's a good idea to start your search well in advance and be prepared to move quickly if you find a suitable place," said one expat in Queenstown.
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What is a typical expat home or apartment like in Queenstown?
"A typical expat home or apartment in Queenstown, is often a modern, well-furnished space with a blend of contemporary and traditional Kiwi design elements. These homes usually have spacious living areas, comfortable bedrooms, and fully equipped kitchens. Many of these homes offer stunning views of the surrounding mountains and lakes, with large windows or balconies to take full advantage of the scenery. They often come with outdoor spaces like gardens or patios, perfect for barbecues or outdoor gatherings. Some of the more upscale properties may even include amenities like a fireplace, hot tub, or access to a community pool or gym. The homes are usually located in safe, friendly neighborhoods, close to local amenities like shops, restaurants, and schools. Many expats choose to live in areas that offer easy access to outdoor activities, such as hiking trails, ski resorts, and water sports facilities," said one expat who made the move to Queenstown.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
What is the average cost of housing in Queenstown?
If you are thinking about moving to Queenstown, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Queenstown can vary greatly depending on the type and location of the property. As of recent data, the median price for a residential property in Queenstown is around NZD 1.1 million. However, prices can go much higher for luxury properties or those with prime locations. On the other hand, more affordable housing options such as apartments or townhouses can be found at lower prices. It's important to note that Queenstown is known for its high cost of living, with housing prices significantly higher than the national average," explained one person living in Queenstown, New Zealand.
Should I buy or rent a home in Queenstown?
If you have not spent a lot of time in Queenstown, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in Queenstown, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Queenstown for a long period, buying a home could be a good investment. Owning a property allows you to build equity over time and could provide a sense of stability and permanence. However, the housing market in Queenstown is known to be quite expensive, so you need to ensure you have the financial capacity to afford a home. You should consider factors such as mortgage rates, property taxes, and maintenance costs. If you can afford these costs and are willing to commit to a property for a significant period, buying could be a good option. On the other hand, if you're not planning to stay in Queenstown for a long time, or if you prefer flexibility, renting might be a better option. Renting can be more affordable in the short term and doesn't require a large upfront investment. It also allows you to move easily if your circumstances change. Renting also means you won't have to worry about property maintenance or fluctuating property values. However, you won't build equity and the property won't be yours to modify as you wish. In conclusion, whether you should buy or rent a home in Queenstown depends on your financial situation, how long you plan to stay, and your personal preferences. It's important to weigh the pros and cons of both options before making a decision," said one expat in Queenstown.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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