The $4m two-bed, one-bath and what it says about the property market

The property was popular due to its central Queenstown location. (Images: Supplied)

Tue, 02 Dec 2025

A two-bedroom, one bathroom property in the heart of Queenstown has sold for nearly $2 million over its capital value – so what does this say about our property market?The Suburb St property has been owned by one family since it was built on the shores of Lake Wakatipu in 1957, and was sold by auction to an overseas buyer for $4m last week. The property had a capital value of $2.12m.'Multiple bidders'Fred Bramwell of Colliers New Zealand said the property had very strong interest during campaigns from both NZ and overseas buy...

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