There is a lot of property for sale right now, but which listing suits you best? OneRoof’s new weekly Home Hunt series brings you the best in New Zealand real estate, from affordable starter homes to luxury mansions. We’ll highlight a range of homes from around the country that are worth your attention.
You may have always fancied yourself carving the slopes in winter and cruising the lake in summer, but one look at real estate in Queenstown-Lakes, where the average property value is the highest in the country at over $2m, can be enough to crush such dreams.
The area has become a playground for the world’s ultra-wealthy, who covet its air of low-key privacy. At the end of the day, there is only so much land to go around, which puts pressure on prices.
However, don’t count yourself out just yet. There are opportunities to purchase properties in the district for under $1m. We’ve rounded up eight of them for your attention.
Start your property search
21 Groves Street, Glenorchy | Asking price $825,000
The value of this three-bedroom weatherboard home mostly lies in the 1214sqm section it sits on. The north-facing Glenorchy property is a fabulous blank canvas and has the area’s stunning lakes, rivers, walking tracks and national parks on its doorstep.
Requiring some renovation work but only asking $825,000 is 21 Groves Street, in Glenorchy. Photo / Supplied
Ray White listing agent Pieter Werbrouck says the house definitely needs work, but notes it’ll make an amazing family home, holiday escape or property with room to grow.
>> Click here to find out more
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52 Hansen Road - Cabins, Frankton | Asking price $689,000-plus
The Crest Cabins have been pitched as a fresh approach to living in the adventure capital, with their cool design giving chic, European alpine vibes. This 45sqm one-bedroom chalet is the perfect ski base, and enjoys 180-degree mountain views and open-plan living.
Bayleys listing agent Sarena Glass raves about the location: “Frankton is becoming a central business hub and is well connected to the public transport service.
The one-bedroom Crest Cabins homes can be picked up for over $689,000. Photo / Supplied
“So from an investment perspective, this is a great option because tenants can either walk, bike or use public transport to get to work, and owner-occupiers can do the same thing.”
She notes that the Crest Cabins are an opportunity to own a freehold property (no body corporate) in a vibrant community, without the big price ticket you’d expect in Queenstown.
>> Click here to find out more
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68 Wesney Terrace, Kingston | Auction February 20, RV $840,000
Another fixer-upper that could be redeveloped entirely. Lake Wakatipu is a short stroll downhill and offers untold options for active relaxers including swimming, kayaking, fishing and water skiing.
68 Wesney Terrace, in Kingston, is heading to auction on February 20. Photo / Supplied
The classic 1960s, one-bedroom bach boasts water views from the second storey, and with that in mind, think about the inspiring scenery you can enjoy there while you draw up plans for your new dream home.
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Lot 26/28 Richardson Street, Glenorchy | Asking price $945,000
Stroud Homes is selling house-and-land packages for $945,000 in Glenorchy. Photo / Supplied
If you don’t have the time or energy to build your dream home, then buying a house-and-land package is a no-brainer. This one by Stroud Homes comes with a three-bedroom house loaded with all the bells and whistles, and is located on a north-facing site in a well-connected Glenorchy development.
>> Click here to find out more
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Lot 36/117 Arthurs Point Road, Arthur's Point | Asking price $999,000
Another house and land package that just scrapes in under the $1m threshold is this freehold, two-bedroom house that will be architecturally designed to be beautifully cosy all year round, withstanding even the iciest of South Island temperatures.
It’s one of the last four available at Bullenrise in Arthur’s Point, just 10 minutes from central Queenstown.
Colliers agent Candice Buchanan predicts house values in the development will only increase, thanks to the generous size of the properties there. “Once it’s actually built, I anticipate it’ll be worth a lot more. These are not tiny houses, they’re 127sqm,” she says.
Bullenrise house-and-land packages in Arthur’s Point are priced at $999,000. Photo / Supplied
“Anything off-plan here seems to be selling a lot cheaper because of the way the developers work. Obviously, that gets it sold, and they can move on to another project. They make money, but they’re still leaving a gap for the purchaser to make money as well.
“We launched last Tuesday and have been inundated. The three bedrooms went under contract straight away – all to first-home buyers.”
>> Click here to find out more
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408/10 Copper Beech Avenue, Frankton | Asking Price $590,000
408/10 Copper Beech Avenue, Frankton, is a low-maintenance one-bedroom apartment for $590,000. Photo / Supplied
This one-bedroom apartment is a stylish mountain retreat, with a Scandi-style fit-out and stunning alpine views. The building was completed in 2020 and has been finished to a high standard, and the agents are calling it outstanding value for such an incredible location.
>> Click here to find out more
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38 Sawmill Road, Queenstown | Priced from $780,000
Two-bedroom units in the soon-to-be-completed Putakitaki are priced from $780,000. Photo / Supplied
Scheduled for completion in March 2027, this apartment is part of Stage 2 of Te Pa Tahuna. The building comprises 18 two-bedroom, walk-up apartments. They all come with on-site parking, with the ground-floor units boasting patios and the upper floors boasting balconies.
The location is a winner, just 10 minutes from downtown Queenstown.
>> Click here to find out more
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20 Shearers Drive, Frankton | Asking Price $899,000
Consider your 2026 ski season sorted: this freehold, alpine-inspired villa is new and ready to move into as soon as you need. The two-level, two-bedroom home is clad in cedar to blend into the landscape, and you’re able to purchase a carpark if you need one.
20 Shearers Drive, Frankton, has an asking price of $899,000. Photo / Supplied
Bayleys agent Eloise Morris says: “For that price in Queenstown on a freehold title is pretty epic. Because they’re brand new, they’re under a builder’s warranty anyway, but they’re genuinely built very well. They’ve done a very good job.
“It’s pretty good bang for your buck for such a central location. That’s why we’ve sold so many of them so quickly – it’s a no-brainer. Investors have bought some, but we’ve also sold to owner-occupiers – local families who want to get on the ladder.”
>> Click here to find out more
