Queenstown MarketView June 2019
31 jul. 2019
Queenstown’s status as a major tourist destination and a highly attractive place to live has driven very strong sustained growth in its economy and property market, underpinned by the increase in visitor and resident numbers. All property sectors are enjoying robust occupancy rates, rent and value increases although, after several years of exceptional performance, some recent indicators suggest lower but still positive growth rates.
Long term projections indicate that the main growth drivers of tourism and population will remain strong. While economic and property cycles will overlay these long term trends and provide short term fluctuations in growth rates, the indicated increase in future visitor and resident numbers will underpin the long term favourable performance of the Queenstown property market.