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

 

Forestry: Man Charged After 2013 Death

Levin Police have arrested and charged a man with manslaughter in relation to the death of Lincoln Kidd who was killed during a tree felling operation on 19 December 2013. More>>

Smells Like Justice: Dairy Company Fined Over Odour

Dairy company fined over odour Dairy supply company Open Country Dairy Limited has been convicted and fined more than $35,000 for discharging objectionable odour from its Waharoa factory at the time of last year’s ”spring flush” when milk supply was high. More>>

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Insurers Up For More Payouts: Chch Property Investor Wins Policy Appeal In Supreme Court

Ridgecrest NZ, a property investor, has won an appeal in the Supreme Court over insurance cover provided by IAG New Zealand for a Christchurch building damaged in four successive earthquakes. More>>

ALSO:

Other Cases:

Royal Society: Review Finds Community Water Fluoridation Safe And Effective

A review of the scientific evidence for and against the efficacy and safety of fluoridation of public water supplies has found that the levels of fluoridation used in New Zealand create no health risks and provide protection against tooth decay. More>>

ALSO:

Scoop Business: Croxley Calls Time On NZ Production In Face Of Cheap Imports

Croxley Stationery, whose stationery brands include Olympic, Warwick and Collins, plans to cease manufacturing in New Zealand because it has struggled to compete with lower-cost imports in a market where the printed word is giving way to electronic communications. More>>

ALSO:

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news