Affordable homes snapped up

Gerry Oudhoff.
Gerry Oudhoff.
They were gone in 48 hours.

In another symptom of Queenstown's shortage of affordable homes and rental accommodation, 32 cottages on a site within walking distance of the CBD have been snapped up only days after being released to the market.

More than 300 people turned up for Sunday's open day at the Bowen Cottages development near Gorge Rd, an arterial route between the resort and Arthurs Point.

Harcourts Queenstown partner Marie Osborne said all the cottages were under offer, and buyers were completing due diligence before sales became unconditional.

''We knew from the outset this was going to be a hugely busy day just from the registered interest, which was 60% oversubscribed.

''The level of demand shows just how much something like this is needed in the market.''

The stand-alone one, two and three-bedroom cottages were priced between $275,000 and $445,000.

The majority of the offers came from first-home buyers, with many accompanied by letters telling the developers how much they needed to buy somewhere, she said.

Developer and Invercargill holiday park owner Gerry Oudhoff bought the Bowen St site with his wife and a business partner for $2.45 million earlier this year.

Add a Comment

 

drivesouth-pow-generic-1.png

Our journalists are your neighbours

We are the South's eyes and ears in crucial council meetings, at court hearings, on the sidelines of sporting events and on the frontline of breaking news.

As our region faces uncharted waters in the wake of a global pandemic, Otago Daily Times continues to bring you local stories that matter.

We employ local journalists and photographers to tell your stories, as other outlets cut local coverage in favour of stories told out of Auckland, Wellington and Christchurch.

You can help us continue to bring you local news you can trust by becoming a supporter.

Become a Supporter