Stuart Mitchell

So the issue in this town has definitely been properties below 1.5 million and below a million.

So what's happening now from an infrastructure perspective is that they are building more units, higher density, more building upwards than before.

outwards, trying to get that median house price lower than about one and a half million or more.

So that's happening right now.

So from an infrastructure perspective, there's a lot more properties kind of coming up below that million dollars, two bedroom apartments, things like that.

The infrastructure is also taking place for all the roads.

We've got a lot of congestion in Queenstown, maybe not as bad as Auckland.

But when you're used to

You know, used to what you're used to.

If you're waiting half an hour in traffic, it's an absolute nightmare.

So we've got an arterial route going all the way around Queenstown Centre, so you can avoid driving through Tenton Centre to get to Fernhill.

We've got a seven-lane roundabout coming in, well, not roundabout junction coming in at Frankton, but they're spending hundreds of millions on infrastructure.

So all that's coming, which I think ultimately is going to increase the price again.

But, you know, Queenstown's been very resilient price-wise, going back to your original plan,

question there i think that we're not the market's not taken off yet it's been a lot busier this year but you can see um i think next year the prices are going to be really moving we've had resilience and probably from 24 momentum 25 and i think 26 could start to see that growth

We've got Christchurch builders, Auckland builders coming down here.

You know, we've completely booked the trend when it comes to construction and going to continue to do so.

There's probably, in the pipeline, there must be 8,000 houses.

Our population is about 60,000.

Yeah, there's so much development and construction in the pipeline and cracking on here.