Friday, 10 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > World News > Queenstown bucks downward luxury property sale trend
World News

Queenstown bucks downward luxury property sale trend

Last updated: February 9, 2025 4:08 pm
Share
Queenstown bucks downward luxury property sale trend
SHARE
Recent data indicates a significant decline of over 50 percent in luxury property sales nationwide over the past four years. According to statistics from the Real Estate Institute, only 152 properties valued at $5 million or more were sold in New Zealand last year, marking a 55 percent decrease from 2021.

Luxury property sales in Auckland saw a 14 percent decrease in 2024. Conversely, regions like the Queenstown Lakes District experienced a 91 percent increase in sales between 2023 and 2024, while the Bay of Plenty witnessed a 20 percent rise in the same period.

Caleb Paterson from Paterson Luxury Real Estate noted a trend of luxury properties being listed on the market only to be withdrawn due to lack of interest. He pointed out a shift in regional demand, with Queenstown and Bay of Plenty capturing a portion of the high-end residential market potentially at the expense of Auckland.

Although the $5 million-plus market constitutes only a small fraction of the overall market, the movement of wealth from Auckland to regional areas could have implications for businesses across all three regions.

Despite a decrease in sales volume in the last quarter of 2024, there are early signs of a resurgence in ultra-premium property sales in Auckland. Paterson highlighted increased engagement and viewing of their current listings over the past month, indicating a potential uptick in activity in the luxury property market.

See also  7 Black-Owned Watch Brands Bringing Affordable Luxury To Your Wrist
TAGGED:BucksdownwardluxurypropertyQueenstownsaleTrend
Share This Article
Twitter Email Copy Link Print
Previous Article Sevilla vs. Barcelona score, highlights: Robert Lewandowski stars as Barca stay in La Liga title race Sevilla vs. Barcelona score, highlights: Robert Lewandowski stars as Barca stay in La Liga title race
Next Article Personalized cancer vaccine shows potential in kidney cancer Personalized cancer vaccine shows potential in kidney cancer
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

FC Dallas vs Houston Dynamo Prediction and Betting Tips

FC Dallas and Houston Dynamo are gearing up for an exciting clash at the Toyota…

May 17, 2025

Early In-Person Voting Begins In 3 Key US States For November Presidential Election

Early in-person voting kicked off Friday in the US states of Virginia, South Dakota, and…

September 20, 2024

Remembering the Late Danielle Slavik, a Cristobal Balenciaga Model Who Returned to the Balenciaga Runway in 2022

Bringing Couture History to Life at Balenciaga Demna, the creative force behind Balenciaga, recently showcased…

July 18, 2025

Where to watch Liverpool vs. Yokohama F. Marinos: Live stream, how to watch, start time, prediction, pick

Liverpool is facing a major change in their lineup as winger Luis Diaz is reportedly…

July 30, 2025

The Weeknd’s “Hurry Up Tomorrow”: A Chart-Topping Breakdown

” And start again he did. Hurry Up Tomorrow is not just a musical album—it’s…

February 13, 2025

You Might Also Like

Cybersecurity agency that clashed with Trump one of the first hit with federal firings due to government shutdown
World News

Cybersecurity agency that clashed with Trump one of the first hit with federal firings due to government shutdown

October 10, 2025
RFK Jr. says circumcisions linked to autism — here’s the truth behind the shocking claim
World News

RFK Jr. says circumcisions linked to autism — here’s the truth behind the shocking claim

October 10, 2025
Man arrested over death threats to conservative podcaster Benny Johnson as DOJ cracks down on violent political rhetoric
World News

Man arrested over death threats to conservative podcaster Benny Johnson as DOJ cracks down on violent political rhetoric

October 10, 2025
Mark Sanchez’s alleged victim says ‘faith guided my hands’ in self-defense stabbing
World News

Mark Sanchez’s alleged victim says ‘faith guided my hands’ in self-defense stabbing

October 10, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?