Land availability in the Central Otago/Lakes District

Even though New Zealand has an abundance of land relative to its small population size, residential land availability is in a constant state of higher demand, lower supply for many New Zealanders. For many kiwis it is about first having the funding required and second, knowing where these opportunities exist to have the land to build on!

Across New Zealand there are areas where land availability continues to open up and in some areas this is greater than others. With Build7 we are proud to offer a complimentary section finding service, anywhere in New Zealand if you need any assistance.

One area in particular where there are a number of new opportunities are in Wanaka, Central Otago and Queenstown. A number of these significant residential subdivisions are currently available for consideration, and many have future staged releases in the not too distant future. Here we look at some of the notable ones.

Wooing Tree Estate - Cromwell

Live in a stylish vineyard estate fringed by vines. Wooing Tree Estate is a new subdivision in the heart of Cromwell, Central Otago. Situated alongside the heart of Cromwell, it offers amazing access to recreational activities such as biking, fishing, vineyards, the Cromwell Heritage Precinct and the newly opened Lake Dunstan Trail.

Build7 Central Otago has home and land packages allowing you to select your piece of land, and custom design your house the way you want to. Learn more info and download our Build7 Wooing Tree inspiration plan. This is an example of a $460,000 build which provides an excellent introduction to this stunning lifestyle development.

River Terrace – Cromwell

With 17 large lifestyle blocks available and the affordance of space to spread out! River Terrace is well positioned alongside the stunning Kawarau River and State Highway 6. Well-appointed for privacy, yet accessible to all the key world class features Cromwell and the greater area has to offer.

Build7 Central Otago has new home custom design options which allow you to select your most suited piece of land, and custom design your house exactly the way you want to. Learn more info and download our Hunter & Pisa concept plans.

 

Northlake - Wanaka

Situated just a few minutes from Wanaka township and the majestic shores of Lake Wanaka is Northlake, a premier residential development. Being centred around an incredible growing community, it offers unrivalled access to the outdoors, not to mention the amazing community facilities and services that are within this connected community.

Build7 Wanaka has new home custom design options which allow you to select your most suited piece of land, and custom design your house exactly the way you want to. Learn more info and download our Northlake inspired plans.


Kawarau Heights – Queenstown

Recently introduced to the market, Kawarau Heights is a premium residential subdivision, and presents an incredible opportunity to own your own slice of very well sought after Queenstown real estate. Flanking the Kawarau river with unobstructed north-facing views and level platforms.

With an abundance of growing facilities, including the soon to be completed Kawarau Park - this neighbouring complex will offer a state of the art medical, retail and accommodation precinct and has the benefits of a number of nearby schools and early childhood centres.

Build7 Queenstown has new home custom design options which allow you to select your most suited piece of land, and custom design your house exactly the way you want to. Learn more info and download our Queenstown inspired concept plans.

 

Hanleys Farm - Queenstown

A well sought after area in a picturesque location with the stunning Remarkables mountain range as your backdrop. Hanleys Farm is a popular options for families and professionals alike.

Offering great community facilities, ski field access the additional benefits of nearby Frankton’s growing commercial centres. Hanleys Farm currently is offering limited sections of the well anticipated Alta release for interested parties to register for.

Build7 Queenstown has new home custom design options which allow you to select your most suited piece of land, and custom design your house exactly the way you want to. Learn more info and download our Queenstown inspired concept plans.


Considering investment in these Otago regions?

There are strong signs of the investment market in Otago strengthening as both prices and sales are up in the province.

There is noticeable demand for residential properties in Otago, including the resort town of Queenstown among the other main centres. There is continued growth over the last 12 months on the back of strong interest from investors in Wellington and Auckland.

CLICK HERE for a further summary and the full market report from Harcourts for Otago. If you wish to explore further opportunities for residential property investment with the Build7 brand, be sure to check out Build7 Property Investment Services.