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October, 2017

Queenstowns residential housing development, Bullendale, is setting
the bar high for Special Housing Areas (SHAs) across the country, forging
a solid reputation for providing affordable living, a sense of community
and architecturally designed quality homes at a pace that has surprised
the market.

In the lead up to the release of stage 3 of the Arthurs Point
development, Bullendale developer and project manager Shane
Fairmaid has been reflecting on the success of the SHA since ground was
broken in December 2016 year.

While SHAs in general have been criticised by some for not addressing
the issue of housing affordability, Bullendale has strived to achieve
affordability through careful urban planning and quality architectural

Following resource consent issued just two days before Christmas last
year, work is now well advanced on site with stage 1 roading nearing
completion and roofs on homes.

After a successful marketing campaign, resulting in multiple offers for
many of the homes, stages 1 and 2 are now completely sold out.

Were delighted with the level of market interest in Bullendale,
particularly from first home buyers who were well represented in the
initial stage 1 and 2 purchases. First home buyers really appear to like
Bullendale and appeared very comfortable with the sales process, says

We have a clear vision for the community and wanted to facilitate
owner-occupiers into Bullendale wherever we could. This makes for a
stronger community and were pleased that, by and large, weve
achieved this for stages 1 and 2.

We expect to have the first residents living in Bullendale in January
2018, some 13 months after resource consent was issued, which we
think is a pretty good result.

Stage three, The Alpine Terraces, is expected to be released in October
and is a completely different offering. Elevated above stage two, on the
toe of the hill, residents can expect magnificent views of the
surrounding mountain ranges, the Shotover River and the rolling rural
valley that winds down to the Queenstown CBD, just five minutes drive
from Bullendale.

The Alpine Terraces features combinations of 2, 3 and 4 bedroom
architecturally designed terrace-style homes.

The multi-level homes will all have two-car garaging and central
heating, offering a new and unique design to the Queenstown market,
s¬ays Shane.

Once complete, Bullendale will comprise of 88 townhouses, terraced-
style homes and apartments, and is targeted for completion in late
2019, adding significantly to the vibrant up-and- coming Arthurs Point

Situated less than ten minutes drive to the CBD, Arthurs Point is fast
becoming the place to live, overtaking other areas as the location of
choice. Without a doubt, Bullendale will add to the increased
community vibe and were proud to be delivering an affordable
proposition, while maintaining quality of build, says Shane.


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