School zone boosts rental housing.
Source: Southland Times / Fairfax Media
Sue Fea / Queenstown Bureau / 24/09/2011
There is increased demand for rental properties in Queenstown’s Frankton, Kelvin Heights and Jacks Point areas following the Education Ministry’s proposed new home zone for Remarkables Primary School.
Real Estate Institute of New Zealand Queenstown branch rental property spokeswoman Hayley Stevenson said the hottest demand was from families looking for three to four-bedroom homes in the $450 to $550 a week range.
REINZ Queenstown branch spokesman Kelvin Collins said agents were already noticing prospective purchasers were paying more attention to whether homes they were looking to buy would be within the proposed new zone.
“There have been a couple of instances where there’s been a lot more appeal [for areas within the proposed zone].” “People have said, `are we within the boundaries’ … but it’s probably not a dominant factor.”
Remarkables Primary School principal Debbie Dickson said there was definitely more demand from families to be living within the proposed zone, particularly those coming from out of Queenstown.
The school sent 156 submissions from concerned parents, strongly opposing the new boundaries, to the Education Ministry by September 12 and was still waiting for further information from the ministry.
It had requested that information by Monday, but so far only had a letter of acknowledgement. Mrs Dickson said it was important to hear back from the ministry so the school could inform the community. “It’s not just our school affected. It’s all schools. It affects our planning structure and staffin for next year.”
In the meantime the school’s roll continued to grow, now at 355, with five new pupils enrolled in the past few weeks. They were a mix of new entrants and new families to the area. The new school would open to year 7 and 8 students from next year when the roll was expected to be in the 400s.
The proposed new Remarkables School zone includes all properties from the Shotover River to the west along the south side only of the Frankton/Ladies
Mile highway (State Highway 6) to Kawarau Road (BP Roundabout) and all roads to the south of these roads. Also included are: McBride St, Yewlett Crescent and all roads leading off these roads to the south of Frankton Road. Remarkables Park, Kelvin Heights, Jacks Point, Lakeside Estate, south to Wye Creek and all areas in between.
Locations Realty has three properties for sale that are just across the street from the new Remarkables School and a forth a mere five-minutes walk away. You don’t need a high IQ to work out that location remains extremely important when it comes to purchasing property.
/ 4-bed/ 2-bath / 2 garage / $1.175m
/ 4-bed/ 1-bath / 1 garage $835,000
/ 3-bed/ 1-bath / 2 garage / $565.000
/ 3-bed/ 3-bath / 2 garage / POA