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

 

Media: Fairfax Moves To Create Modern Newsroom

Fairfax Media New Zealand continues its newsroom transformation this week, with a proposal to further organise its editorial operations into focused, local teams and specialist national topic areas. More>>

ALSO:

Dairy: Fonterra Forecast For 2015/16 Season

Fonterra Co-operative Group Limited has today reduced its forecast Farmgate Milk Price for the 2014/15 season to $4.40 per kgMS. Along with its previously announced forecast dividend range of 20-30 cents per share, the change amounts to a forecast ... More>>

ALSO:

BusinessDesk: SkyCity Lifts Minimum Convention Centre Investment To $430M

SkyCity Entertainment Group, the casino operator, has lifted the minimum it will invest in the Auckland International Convention Centre to $430 million and said total costs including land may be $450 million to $470 million. More>>

Statistics: Drop In Dairy Prices Leads Fall In Exports

Total goods exports fell $240 million (5.5 percent) to $4.2 billion in April 2015 compared with April 2014, Statistics New Zealand said today. More>>

BusinessDesk: APN's NZME Sees Future In Paywalls, Growth In Digital Sales

APN News & Media has touted a single newsroom concept for its NZME unit in New Zealand, similar to what Germany's Die Welt uses, saying an 'integrated sales proposition' is helping it win market share, including ... More>>

Labour Party: Global Milk Prices Now Lowest In 6 Years

The latest fall in the global dairy price has brought it to the lowest level in six years and shows there must be meaningful action in tomorrow’s Budget to diversify the economy, says Labour’s Finance spokesperson Grant Robertson. “Dairy prices ... More>>


BusinessDesk: NZ Inflation Expectations Creep Higher In June Survey

May 19 (BusinessDesk) - New Zealand businesses lifted their expectations for inflation over the next two years, sapping any immediate pressure on the Reserve Bank to cut interest rates, and prompting the kiwi dollar to jump higher. More>>

BusinessDesk: Lower Fuel Costs Drive Down NZ Producer Input, Output Prices

May 19 - Producer input and output prices fell in the first quarter, mainly reflecting lower fuel costs and weakness in prices of meat and dairy products. More>>

Media: Fairfax Media NZ Announces Senior Editorial Team

Fairfax Media New Zealand has today confirmed its new editorial leadership team, as part of a transformation of its newsrooms aimed at enhancing local and national journalism across digital and print. More>>

Science: Flavonoids Reduce Cold And Cough Risk

Flavonoids reduce cold and cough risk Research from the University of Auckland shows eating flavonoids – found in green tea, apples, blueberries, cocoa, red wine and onions – can significantly reduce the risk of catching colds and coughs. The research, ... More>>

BusinessDesk: RBNZ House Alert Speech The Catalyst For Government Action

Prime Minister John Key all but conceded that pressure from the Reserve Bank of New Zealand for concerted action on rampant Auckland house prices was one of the main catalysts for the government's weekend announcements about tightly ... More>>

BusinessDesk: How To Fall Foul Of The New Housing Tax Rules: Tips From IRD

Just because you rented out your investment property doesn't absolve you from paying tax, says the Inland Revenue Department in a summary of commonly made mistakes by non-professional property investors when it comes to their tax liability.More>>

Legal: Superdiversity Law, Policy And Business Stocktake Announced

Mai Chen, Managing Partner at Chen Palmer New Zealand Public and Employment Law Specialists and Adjunct Professor of Law at the University of Auckland, today announced the establishment ... More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news