Another subdivision planned for resort

Queenstown remained the second most popular place for foreigners to buy. Photo: Getty
Queenstown. Photo: ODT files.
Another major Queenstown subdivision has been proposed for land between Jacks Point and Frankton.

If approved, the 272-section Woolshed Road subdivision would be the fourth in the area, along with Hanley’s Farm (projected 1750 sections), the proposed Coneburn special housing area (632 sections) and Jacks Point.

Classic Developments Ltd, a subsidiary of national building company Classic Builders Group, wants to develop Woolshed Road in stages on a 14ha site immediately north of Hanley’s Farm and about 250m south of Coneburn.

Classic Developments general manager Steve Cutfield said it would build the homes as turn-key house and land packages, complete with landscaping.

They would be a mixture of stand-alone, single-level homes with three or four bedrooms.

Because it would control every aspect of the development, it was confident of pricing them for less than $650,000, Mr Cutfield said.

"We’re driving for affordability, and it’s a part of the market that doesn’t exist currently in Queenstown."

It planned to begin civil works as soon as consent was granted, and expected it would take two to three years to bring the first homes to the market.

The resource consent application, which is being vetted by the Queenstown Lakes District Council, says the sections would range from 250sqm to 570sqm, but the majority would be about 300sqm.

The land, which lies in the Jacks Point zone, is now being used for grazing stock.

If approved and fully developed, Woolshed Road and Coneburn would bring the number of sections in the area to about 3300, suggesting an eventual population of about 10,000.

Long-time Queenstown realtor Kelvin Collins said even
if annual population growth in wider Queenstown slowed from 5% to 3% over the next few years, at least 300 new homes were needed every year
to meet demand.

"We’re going through this[Covid-19] hiccup at the moment, but the town will continue to grow," Mr Collins said.

"The more potential subdivisions there are, the more supply, and the more likely prices will stay under control."

When the Hanley’s Farm primary school and Jacks Point Village commercial development were finished, the area would become an almost self-sufficient township.

"And there’s still a lot of room in that whole area for growth."

The 630-section Coneburn special housing area is the 11th and last housing proposal in the district approved by the Government as an special housing area.

Proposed by businessman Don MacLachlan for a 48ha greenfield site early last year, it is still awaiting council approval.

guy.williams@odt.co.nz

 

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