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QUEENSTOWN RETIREMENT VILLAGE BOOM

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May, 2019

A retirement village boom is set to pour tens of millions of dollars into

the Wakatipu and wider Central Otago area.

Two new villages, Remarkables Park and Leaning Rock, north of

Alexandra, will create 167 units between them.

Theyll add to the existing nine retirement villages in the

Queenstown/Wanaka/Alexandra area, five of which have another 740

units either planned or in development.

The new and planned units will cater for 1200 residents, and invest a

combined $79 million in construction, Retirement Village Association

boss John Collyns says.

Research commissioned by the association last year found every 250

units directly supported about 303 staff, and contributed about $21.4

million to the economy.

Collyns says the Queenstown areas been bypassed by major operators in

the past, but thats starting to change.

A lot of people from the rest of New Zealand holiday down here and

have a fabulous time, and they see it as a great place to retire, he

says.

Theres a strong market with people from Auckland and other metro

areas to come down here.

Theres also an increasing number of farmers who are getting to the age

where theyre selling the family farm, have several million dollars in the

bank, and are looking for somewhere quite classy to retire to, he

says.

While theres been significant pushback against housing developments in

the Wakatipu recently, Collyns tells says retirement villages come with a

big benefit.

We know Queenstown is desperately short of housing of any sort.

When people move into retirement villages, that releases family homes

back into the market.

Remarkables Park developer Alastair Porter says the multi-storey

retirement village will be staged as required to meet demand, across

three or four five-storey apartment buildings with central community

facilities.

This facility will be able to offer a warm, sunny location with

spectacular views of The Remarkables, and minimal need for a car with

only a very short walk to the adjacent Remarkables Park Town Centre,

medical facilities, the Queenstown trails and a planned jet ferry

providing a connection to Queenstown Bay.

Arrowtown Lifestyle Retirement Village, when complete, will host 120

two- and three-bedroom villas, 75 apartments and a 100-bed care

centre offering rest home, hospital and specialist dementia care.

Meanwhile, work is continuing on Queenstown Country Club, on Ladies

Mile.

According to an update on its website, as of March, ground works were

underway on a new village retail precinct which will include a medical

centre, childcare centre, pharmacy and cafe.

Following that, work will start on a new care facility which will include

rest home, hospital and dementia beds.

Source: Mountain Scene/ODT

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