Property Market Update
As the new Village gets underway, residential sales demand and location popularity show why Jack’s Point is one of Australasia’s fastest growing communities and a compelling investment opportunity.
With over $25 million in residential section sales at Jack’s Point for the 12 months to August 2018, figures show the average purchase price from 48 sales was $464,177.
A total of 45,749m2 of residential sections were sold ranging in price from $295,000 through to $695,000, making it amongst the most affordable premium land in the Queenstown area.
Meanwhile residential home sales at Jack’s Point topped $51.8 million for the same period, with an average purchase price of $1.2 million. Home sales ranged between $825,000 and $1,850,000.
Strong demand for the location broke records in June with the sale of 22 properties for a total of $18.5 million.
With over 400 new homes now finished and a further 64 under construction, Jack’s Point is one the fastest growing communities in and around Queenstown.
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