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28 Feb 2021 14:28
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  •   Home > News > Business

    Well-heeled investors are hunting for a bargain in Queenstown

    Well-heeled investors are hunting for a bargain in Queenstown


    Low interest rates are driving a turnaround in property values as average prices climb to 1.2 million dollars, after a seven percent fall from May to August.

    But CoreLogic senior analyst Kelvin Davidson says it's helped by a shortage of listings, with investors making the most of a window of opportunity.

    He says we may be seeing some bargain hunting from Aucklanders, and others, who've identified a good time to get into the market.

    © 2021 Newstalk ZB, NZCity


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