REINZ Real Estate Magazine - Summer 2021/22

Page 18

FEATURE

Queenstown Lakes District continues to flourish

Peter Harris, Economic Development Manager, Queenstown Lakes District Council

Before COVID-19, the Queenstown Lakes District was experiencing the fastest rate of resident and visitor growth in Aotearoa New Zealand. More than 2,000 people were relocating to the district annually, growing from 15,000 residents 30 years ago to our current population of 42,000.

The local economy was strong — GDP growth was more than double the national average — with low unemployment. But such a boom came with its growing pains. Investment in infrastructure struggled to keep pace with the rate of growth, resulting in some challenges, including housing affordability and congestion. The pandemic and closed borders added an unexpected twist to these challenges, especially impacting the district’s celebrated tourism and hospitality sectors. It also provided opportunities to refocus. Interestingly, the prediction when COVID-19 arrived in 2020 was that it was going to hit construction and house prices. That hasn’t played out. In fact, it’s the opposite, pushing people into reassessing their lives and where they want to live. People have had the chance to work remotely, and if they can do that, then they start ask themselves, where do I want to live? Queenstown and Wānaka still top that list for a lot of people.

The Queenstown Lakes Spatial Plan The assumption that Queenstown Lakes will remain an attractive place to live, work and visit underpins the Queenstown Lakes Spatial Plan. The Grow Well Whaiora Partnership between QLDC, Kāi Tahu and the Government has developed this plan.

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The Real Estate Institute of New Zealand

Whaiora translates to ‘in the pursuit of wellness’. The plan is a long-term framework for how and where the district can grow best to ensure our social, environmental and economic prosperity. It will support good access to facilities, jobs and public transport. We recognise development will happen primarily around the existing urban areas of Queenstown and Wānaka. This will help preserve areas of outstanding natural beauty highly valued by the local community, Kāi Tahu and visitors. Growth could also happen around the smaller towns of Hāwea, Luggate and Kingston, which can potentially offer a wider range of house price points than Wānaka and Queenstown.

Planning a sustainable future The Spatial Plan acknowledges that one of the most pressing issues facing Queenstown Lakes is the lack of affordable housing. Along with other proposed planning tools, such as a Housing Strategy and Inclusionary Zoning, it aims to improve housing choice and quality. Two further priorities for the Grow Well Whaiora Partnership are the creation of a Destination Management Plan and a Diversification Plan for the district. It’s no secret that the number of tourists before COVID-19 was putting pressure


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Articles inside

Reflecting on an eventful 2021

3min
page 6

Privacy and real estate — how is the Privacy Act 2020 relevant to agents?

2min
pages 64-65

Business unusual: COVID-19 and real estate advocacy

4min
pages 62-63

A fresh look at directors’ duties in our modern world

3min
page 61

Next edition of the ASPRE

2min
pages 60-61

Marketing: Licensee’s obligations to vendors and potential buyers

3min
pages 58-59

Vendor tips: How to find the right home stager

3min
pages 56-57

How to manage your personal finance amidst a pandemic

2min
page 55

‘Giving back is key to being good at real estate’

3min
page 54

The upshot and the lowdown on accountability

5min
pages 52-53

The importance of giving back to the community

3min
pages 48-49

A new way to buy a first home with shared ownership

4min
pages 46-47

Four reasons to build relationships with buyers

3min
page 44

Housemart Queenstown: small, but with big ideas

2min
pages 42-43

Marketing with Purpose: 3 Steps to Connect

1min
page 40

What’s coming up in the education space in 2022?

2min
page 39

2021 milestones in Residential Property Management

2min
page 38

REINZ RPM Sector Group

6min
pages 36-37

Taking a leap of faith to start a property management business

3min
pages 34-35

COVID-19 and the economy

4min
pages 32-33

Commercial and Industrial market robust despite COVID-19

4min
pages 30-31

Navigating the tourism property industry during unprecedented times

3min
pages 28-29

New ETS accounting method and implications for land transactions

4min
pages 26-27

New rules for land sales to overseas investors

3min
pages 24-25

Hot demand for construction board made from packaging waste

4min
pages 22-23

Growing well on the Kāpiti Coast

4min
pages 20-21

Queenstown Lakes District continues to flourish

3min
pages 18-19

2021 REINZ Awards for Excellence

3min
pages 13-17

REINZ new team member

1min
pages 12-13

Out & about

12min
pages 8-11
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