What is the average cost of housing in Queenstown?

"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," remarked another expat in Queenstown, New Zealand.