106 | T T to page 108 PROPERTY Bayleys - Queenstown T T Kim Bowden Improving standards for QT renters With new tenancy legislation reshaping landlord obligations, a constant churn of seasonal workers and holidaymakers, and shifting expectations from long-term renters, Queenstown property managers are under pressure to adapt fast. Keeping up with market shifts is the property management team at Bayleys, one of the region’s leading real estate brands. Bayleys’ business development manager in Queenstown, Chloe Vowles, says her patch offers a dynamic mix of lifestyle appeal and lucrative rental returns unlike anywhere else in the country. The local rental market has long been synonymous with intense competition and headline-grabbing challenges, but things are changing, according to Chloe. At its peak, the region faced a severe housing shortage, with stories of tenants living in cars long-term and the controversial practice of hot bedding – where multiple tenants shared the same bed on different shifts – making national news. Viewings would see hundreds of hopeful renters crowding in, desperate for a spot in the tight market. But that pressure is beginning to ease, thanks to a wave of new subdivisions adding much-needed housing stock, Chloe says. This influx of new properties is helping to balance the market, offering tenants more options, and slightly cooling the fierce competition that once dominated the scene. Turning your ideas into your dream home. Falcon Developments is a top performing construction company providing property development, new builds, and refurbishments throughout the Queenstown district. SIPS & BUILDS | RENOVATIONS & EXTENSIONS REMEDIAL WORKS | EHIBITIONS & SHOP FITS KITCHEN DESIGN & FITS 021 FALCON (021 325 266) www.falcondevelopments.nz info@falcondevelopments.nz 03 359 2111 office@fsn.co.nz www.fsn.co.nz FSN - your fire evacuation safety specialists Fire Evacuation Scheme compliance & maintaining schemes with FENZ Fire Warden & Evacuation Chair Training Agent for “Exitmaster” Products National Company with over 20 years’ Experience Tree pruning Tree dismantling & felling Stump grinding Mulch sales 021 153 3034 info@royaltree.co.nz www.royaltree.co.nz Proudly Supporting Bayleys Queenstown Bayleys’ business development manager in Queenstown, Chloe Vowles, says her patch offers a dynamic mix of lifestyle appeal and lucrative rental returns unlike anywhere else in the country.
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