01 CONSENT TO RENT

02 10% DEPOSIT

03 PRIME LOCATION

04 BOOMING TOURISM

05 STRONG YIELD

06 COMPETITIVE ENTRY

07 CLAIM GST

08 AMPLE CAR PARKS

09 Close to amenities

10 AIRPORT EXPANSION

The majority of the units have been consented for Visitor Accommodation meaning that they are not limited to the maximum 90 days of short-term rental under a standard consent, and can be rented out full-time or whenever they are not in personal use.

As a new build, you can secure your property with just 10% deposit (most existing properties are subject to 20% loan-to-value ratio) with the balance upon settlement. You also get to enjoy any capital gains on the purchase price during the build period without actually owning the property.

The development is located next to SH6 - the main tourism route in and out of the region and is just a short drive into central Wanaka. These units will make excellent rentals with efficient plans, timber flooring and multiple bathrooms.

The Lake Wanaka Tourism Annual Report states the Wanaka region is number one for domestic tourism performance and records 2.8 nights average stay length – the highest in the country. It’s no wonder the tourism spend in Wanaka last year passed $500M in 12 months.

The units at Riverside Residences have competitive pricing that nets a good yield based off conservative rental figures. Speak to our agent about the yield calculator we have prepared so you can check for yourself.

Not only are the Riverside Residences units priced well below the median for Wanaka, but there are unit types ranging from one to three bedrooms to suit all budgets.

If you purchase a unit consented for Visitor Accommodation as a GST-registered entity, you can claim the GST from the purchase price (essentially providing a 15% discount on what a standard purchaser would pay). Please consult our agent or your tax advisor for more information.

Most guests will have a rental car so they can access the many attractions in the area. Riverside Residences has a car park allocated for every unit, most of which are just outside to make loading ski gear easier.

Once treated as a separate township, Albert Town is now considered a suburb of Wanaka. It is actually closer to the centre of Wanaka than many of the newer suburbs.  Albert Town also has its own amenities and attractions in walking distance from Riverside Residences.

In 2016, the Queenstown Lakes District Council bought 106ha of land so Wanaka Airport could be expanded to accommodate larger passenger aircraft. When this expansion occurs, tourism numbers will skyrocket as the town becomes more accessible from the major cities.

Consent to rent

The majority of the units have been consented for Visitor Accommodation meaning that they are not limited to the maximum 90 days of short-term rental under a standard consent, and can be rented out full-time or whenever they are not in personal use.

10% Deposit

As a new build, you can secure your property with just 10% deposit (most existing properties are subject to 20% loan-to-value ratio) with the balance upon settlement. You also get to enjoy any capital gains on the purchase price during the build period without actually owning the property.

PRIME LOCATION

The development is located next to SH6 - the main tourism route in and out of the region and is just a short drive into central Wanaka. These units will make excellent rentals with efficient plans, timber flooring and multiple bathrooms.

Tourism booming

The Lake Wanaka Tourism Annual Report states the Wanaka region is number one for domestic tourism performance and records 2.8 nights average stay length – the highest in the country. It’s no wonder the tourism spend in Wanaka last year passed $500M in 12 months.

strong yield

The units at Riverside Residences have competitive pricing that nets a good yield based off conservative rental figures. Speak to our agent about the yield calculator we have prepared so you can check for yourself.

Competitive entry

Not only are the Riverside Residences units priced well below the median for Wanaka, but there are unit types ranging from one to three bedrooms to suit all budgets.

Claim GST

If you purchase a unit consented for Visitor Accommodation as a GST-registered entity, you can claim the GST from the purchase price(essentially providing a 15% discount on what a standard purchaser would pay).Please consult our agent or your tax advisor for more information.

Ample car parks

Most guests will have a rental car so they can access the many attractions in the area. Riverside Residences has a car park allocated for every unit, most of which are just outside to make loading ski gear easier.

Close to amenities

Once treated as a separate township, Albert Town is now considered a suburb of Wanaka. It is actually closer to the centre of Wanaka than many of the newer suburbs.  AlbertTown also has its own amenities and attractions in walking distance fromRiverside Residences.  

AIRPORT EXPANSION

In 2016, the Queenstown Lakes District Council bought 106h of land so Wanaka Airport could be expanded to accommodate larger passenger aircraft. When this expansion occurs, tourism numbers will skyrocket as the town becomes more accessible from the major cities.