Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Queenstown’s Millbrook Resort ‘hive of activity’

Queenstown’s Millbrook Resort ‘hive of activity’ as building and developments take off

Queenstown’s Millbrook Resort is buzzing with anticipation as it prepares to showcase its stunning 27-hole golf course during the NZ Open later this month.

Up to 200 staff work daily to keep the five-star resort ‘humming’, and it’s also a hive of activity in other – less immediately obvious – ways with building and development activity seeing 21 houses under construction, major earthworks underway, and up to 500 other construction industry staff employed indirectly at the property on a daily basis.

The building and development boom is being driven by increased business confidence, ‘flying’ sales figures in December and January, and properties being bought off the plans by investors and would-be residents.

“It’s fair to say that after a slow start to our financial year from October 2013 the resort has been simply humming since the lead up to Christmas,” said Millbrook Property and Development Manager Ben O’Malley.

“Construction of an $8m, 23-lot subdivision started in late December, and we’ve had $23m of offers on properties, resulting in $13.8m of sales in the last four months since the start of our financial year.

“We’ve seen multiple offers on certain property types, both in new sales and re-sales, and of nine sales so far, seven of them have been Kiwis.

“The number of people working on and around our 500-acre site is impressive, with ten private homes and 11 Millbrook properties.

“The beauty of Millbrook’s wide open green spaces is that largely members of the public don’t see that hive of activity which is to a great degree behind the scenes.

“It does mean though that Millbrook is a very major employer in the district and I’d have to say that this is on a par with one of our busiest times ever.

“With the level of development and confidence we’re seeing in Millbrook at the moment, combined with the exposure it’s about to receive nationwide and international coverage through Sky Sports it’s a good sign that after 21 years, Millbrook has truly come of age.”

Mr O’Malley said that the returning trend of buying off the plans was particularly pleasing.

“It demonstrates better than anything else that Millbrook’s reputation for quality, combined with a community spirit that makes it THE place to live in the Wakatipu Basin, now precedes it.

“Buyers know we’re going to deliver what we say we’re going to do because they only have to look around them to see the highest levels of quality combined with diverse products that meet market demand, whether it’s a family home, a holiday house or investment.

“In recent months some buyers of re-sales and new sales have been in competitive situations with other buyers, which has required them to pay over the asking price to secure their dream property.

“We’re seeing a gradual increase in the number of people living permanently at the resort, or those who are buying with a view to living here permanently in the future.

“In some cases there are generations of families now living the ultimate Millbrook lifestyle.”

Earthworks on the next 23-lot Stage 3B development overlooking the fourth fairway of the Coronet Nine golf course are scheduled to be completed by March 2015.

“Queenstown’s one of the greatest places in New Zealand to own a second home, holiday home, or to live and work permanently, especially as internet accessibility improves,” said Mr O’Malley.

He said the Millbrook lifestyle appealed very strongly to the family market in particular which had experienced good percentage growth.

“I’ve said before that we have the confidence to continue construction at a faster pace than ever before and 2014 is certainly proving us right.”

A Coronet Square show home is currently open for viewing at Millbrook, and a new Ski Barn will open in April as a show home.

Millbrook Resort recently marked an important milestone, celebrating twenty-one years since it first opened its gates. It is the largest luxury golf and lifestyle resort in the South Island, featuring a winning combination of a stunning Central Otago location matched with magnificent architecturally-designed homes within 20 minutes’ drive of a booming year-round destination.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Cosmetics & Pollution: Proposal To Ban Microbeads

Cosmetic products containing microbeads will be banned under a proposal announced by the Minister for the Environment today. Marine scientists have been advocating for a ban on the microplastics, which have been found to quickly enter waterways and harm marine life. More>>

ALSO:

NIWA: 2016 New Zealand’s Warmest Year On Record

Annual temperatures were above average (0.51°C to 1.20°C above the annual average) throughout the country, with very few locations observing near average temperatures (within 0.5°C of the annual average) or lower. The year 2016 was the warmest on record for New Zealand, based on NIWA’s seven-station series which begins in 1909. More>>

ALSO:

Farewell 2016: NZ Economy Flies Through 2016's Political Curveballs

Dec. 23 (BusinessDesk) - New Zealand's economy batted away some curly political curveballs of 2016 to end the year on a high note, with its twin planks of a booming construction sector and rampant tourism soon to be joined by a resurgent dairy industry. More>>

ALSO:


NZ Economy: More Growth Than Expected In 3rd Qtr

Dec. 22 (BusinessDesk) - New Zealand's economy grew at a faster pace than expected in the September quarter as a booming construction sector continued to underpin activity, spilling over into related building services, and was bolstered by tourism and transport ... More>>

  • NZ Govt - Solid growth for NZ despite fragile world economy
  • NZ Council of Trade Unions - Government needs to ensure economy raises living standards
  • KiwiRail Goes Deisel: Cans electric trains on partially electrified North Island trunkline

    Dec. 21 (BusinessDesk) – KiwiRail, the state-owned rail and freight operator, said a small fleet of electric trains on New Zealand’s North Island would be phased out over the next two years and replaced with diesel locomotives. More>>

  • KiwiRail - KiwiRail announces fleet decision on North Island line
  • Greens - Ditching electric trains massive step backwards
  • Labour - Bill English turns ‘Think Big’ into ‘Think Backwards’
  • First Union - Train drivers condemn KiwiRail’s return to “dirty diesel”
  • NZ First - KiwiRail Going Backwards for Xmas
  • NIWA: The Year's Top Science Findings

    Since 1972 NIWA has operated a Clean Air Monitoring Station at Baring Head, near Wellington... In June, Baring Head’s carbon dioxide readings officially passed 400 parts per million (ppm), a level last reached more than three million years ago. More>>

    ALSO:

    Get More From Scoop

     
     
     
     
     
     
     
     
    Business
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news