Australian buyers exempt from restrictions at Queenstown development
Australians seeking New Zealand real estate have an opportunity to invest without going through the rigorous approval process ruled by the New Zealand Government’s Overseas Investment Office.
Overlooking Lake Wakatipu, one of the most pristine and coveted locations in the country, Wyuna Preserve sits on 160 hectares and features 34 building sites. Prices range from NZ$1m – NZ$2.95m.
Marketed through Ray White Queenstown, the development has “Overseas Investment Exception”, which means that an overseas buyer who would otherwise be required to undergo a rigorous, intrusive and expensive process before purchasing does not need to go through that process at Wyuna Preserve.
“So far 100 per cent of buyers are offshore based people who value their privacy and trust in the superior quality and design of Wyuna. They also appreciate that this is possibly the most beautiful place on earth,” say Bas Smith of Ray White Queenstown.
The developer of Wyuna Preserve is Tom Tusher, the former CEO of Levi Strauss & Co. who in 1972 purchased nearby land where he built the now world renowned Blanket Bay Luxury Lodge.
“Wyuna Preserve appeals to travellers of the world who recognise quality, value their privacy but also have a sense of community. Wyuna offers a combination of qualities found nowhere else in the world and with Australia being so close we expect to see a lot more interest from that market,” Tom explains.
Wyuna Preserve has 21 private blocks of land currently for sale.
“Six super homes have already been built at Wyuna Preserve with three more under planning at present. The properties being built here are high-end prestigious homes.
“The last two owners to build have been Australian and this is the obvious market for the remaining sites,” Bas said.
Queenstown is around a three hour direct flight from Melbourne, Sydney or Brisbane and bas says it’s the ultimate destination for adventure, fly fishing, golf, food and wine or health and relaxation.
“The newly developed NZ$30m Aro Ha Health and Wellness retreat sits alongside Wyuna Preserve and was voted in the top four health retreats in the world inside its first year of trading,” he said.
“Wyuna Preserve is the very best of New Zealand real estate. It’s located in arguably the most beautiful region in one of the safest countries in the world.
“It offers complete privacy and a lifestyle investment like no other,” Bas concludes.