Demand for new housing in Queenstown is increasing, the resort's Real Estate Institute of New Zealand spokesman says.
Kelvin Collins said 39 properties and 14 sections sold last month. Their value was $27.9 million, a fall of 12 per cent compared with last year because of more entry-level sales.
"Builders are experiencing good demand and the region needs around 300 new properties a year to cater for the population growth," he said.
The highest price was $2.45m for a lifestyle property.
- © Fairfax NZ News
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