Auckland's property sales loss has become Queenstown's gain
Auckland's property sales loss has become Queenstown's gain
11 February 2025
The super-city's share of five-million dollar-plus property sales has dipped by 14-percent in the last year alone.
Meanwhile, Queenstown's has surged by more than 20-percent in the same period.
Paterson Luxury Real Estate's Caleb Paterson says wealthy Aucklanders are looking for a lifestyle change -- with many making their holiday homes their permanent residences.
He says those with remaining ties to Auckland are opting to buy an apartment to stay in, while doing business there.
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