The $5m question: What can you buy with $5m in Queenstown?

About 5.5% of Queenstown residential properties are valued above $5 million, according to Coality. (Image: Getty)

Sun, 07 Sep 2025

With more than 5% of Queenstown properties being over the $5 million “golden visa” threshold, what does $5m actually get you? Managing director of Sotheby’s Real Estate Queenstown, Mark Harris, said properties in Queenstown valued at $5m and above typically feature four or more bedrooms, a dedicated study, generous landholdings, and sweeping views of the mountains and/or lake. “These residences are usually located within 15–20 minutes of Queenstown’s premier amenities, including world-class golf c...

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