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May, 2020

The first build at Arrowtowns Arrowfields subdivision will start this
Stonewood Homes Queenstown sales boss Emily Wills says its the first
company to get building consent for the 20-lot development off
McDonnell Road.
The council issued titles in March, just before the Covid-19 lockdown,
which threw a bit of a spanner in the works for section owners.
The build, due to start tomorrow, will be the first home for a lovely
young local couple, Wills says.
Like many people in the resort, the couple experienced pay reductions
as a result of the pandemics impact on the local economy, and were
worried their bank would pull their funding.
Now everythings sorted for them and theyre just ecstatic.
Wills is telling her clients they can build a three-bedroom, two-
bathroom house anywhere in the Wakatipu for a fixed price of $311,000.
If you add a unit, its another $100,000 at least.
Its about getting people to rethink a little bit. They may have a title
coming up or theyve settled on something & it might not be exactly
what they wanted to do [pre-Covid], but they can still do it.
Arrowfields sold out in December, only 17 months after the first sale.
Zoning rules and urban boundaries have made vacant lots as scarce as
hens teeth in the township.
Ranging in size from 600 to 1073 square metres, they sold for between
$500,000 and $595,000.
The subdivisions within the Arrowtown South special zone, a 50ha area
between McDonnell Rd, Centennial Avenue and the golf course.
It includes a major regeneration project and tracks leading from the
subdivision into the neighbouring residential area.

Source: Mountain Scene


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