Queenstown's seeing a surge in ultra wealthy overseas buyers looking to purchase houses.

A luxury real estate agent is reporting a 600 percent increase in overseas enquiries for properties across the lakes district.

There's increased interest from former Soviet bloc countries, suggesting buyers are trying to get away from the conflict in Europe.

Oliver Road Luxury Real Estate Founder and Managing Director Cam Winter told Andrew Dickens that the issue of affordable accommodation in Queenstown is separate from the luxury real estate market.

He says buyers don't want to buy a home here and spend so little time in it that they feel like aliens.

LISTEN ABOVE

Queenstown's seeing a surge in ultra wealthy overseas buyers looking to purchase houses.
A luxury real estate agent is reporting a 600 percent increase in overseas enquiries for properties across the lakes district.
There's increased interest from former Soviet bloc countries, suggesting buyers are trying to get away from the conflict in Europe.
Oliver Road Luxury Real Estate Founder and Managing Director Cam Winter told Andrew Dickens that the issue of affordable accommodation in Queenstown is separate from the luxury real estate market.
He says buyers don't want to buy a home here and spend so little time in it that they feel like aliens.
LISTEN ABOVE

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.

The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Cam Winter: Oliver Road Luxury Real Estate Founder and Managing Director discusses overseas buyers purchasing homes in Queenstown

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/984dd3f5-8e7e-4d6c-b142-b3dd0132af8a/transcript