5 Feb 2021

Apartments in Queenstown offered for $200,000

From Morning Report, 6:50 am on 5 February 2021

It's been a long time since a $200,000 mortgage allowed you to buy a property in Queenstown.

But now a local housing trust is offering 25 apartments for the same price that they cost to build.

The catch - you won't be able to sell the property on the open market or transfer it to anyone else.

Otago-Southland reporter, Timothy Brown, has more.