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May, 2020 The first build at Arrowtowns Arrowfields subdivision will start thismonth. 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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