A section of the recently-completed Kawarau Villas. The project team behind the Kawarau Villas terrace housing complex, just below Frankton’s Remarkables Park, suspect it’s currently Queenstown’s fastest-selling development. Construction is moving apace with stage one, comprising about 40 homes, having sold out along with 62% in the second stage. Comprising, ultimately, 132 two-level two- and three-bedders, the balance of the second stage are all three-bedders priced from $955,000. Bayleys residential projects GM Gavin Lloyd says Auckland-based Redwood Group’s Tony Gapes — the original developer of Frankton’s Five Mile shopping complex — hasn’t jacked up the prices.

Source: Otago Daily Times February 14, 2026 15:51 UTC