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Rangi Nui - Private Alpine Sanctuary
281 Lower Shotover Road, Speargrass Flat
Sotheby's - Queenstown
1 property for sale · Queenstown
Property for sale in Speargrass Flat, Queenstown
Houses, townhouses, apartments and sections, farms and lifestyle blocks, and commercial and industrial sites for sale in Speargrass Flat, Queenstown, each listing beside the property's value estimate, council valuation, past sales and title.
$5.2mmedian sale, last 12 months · 13 sales · down 12%
$5.39mmedian council valuation
9.0 yrsmedian time between sales
1for sale now
1 property for sale in Speargrass Flat
About Speargrass Flat
Homes sold for a median $19,768 per square metre of floor over the last twelve months. Homes in Speargrass Flat change hands every 9.0 years on median, against 6.2 across Queenstown and 7.9 nationally. About 4.7% of its homes sold in the last twelve months.
Schools zoned for Speargrass Flat
- St Joseph's School (Queenstown)primary · Years 1-8
- Arrowtown Schoolprimary · Years 1-8
- Shotover Primary Schoolprimary · Years 1-8
Speargrass Flat house prices over time
Median sale price by year, all homes; 2026 is the year so far. Speargrass Flat's median sale price over the last twelve months was $5.2m, across 13 sales, down 12% on the twelve months before. Across Queenstown it was $1.4m.
Sales by year as a table
| Year | Sales | Median price | Per m² floor | Per m² land (est.) | Queenstown median |
|---|---|---|---|---|---|
| 2026 | 9 | $6,700,000 | $19,654 | $131 | $1,500,000 |
| 2025 | 11 | $3,500,000 | $22,613 | $296 | $1,316,000 |
| 2024 | 11 | $5,100,000 | $16,005 | $202 | $1,322,500 |
| 2023 | 3 | — | — | — | $1,285,000 |
| 2022 | 8 | $4,375,000 | $19,231 | $216 | $1,100,000 |
| 2021 | 18 | $4,475,000 | $13,671 | $139 | $925,000 |
| 2020 | 14 | $4,343,518 | $8,886 | $116 | $910,000 |
| 2019 | 13 | $1,950,000 | $7,679 | $90 | $895,000 |
| 2018 | 9 | $1,550,000 | $5,906 | $63 | $815,500 |
| 2017 | 24 | $1,550,000 | $4,706 | $75 | $774,000 |
| 2016 | 22 | $995,000 | $4,065 | $34 | $636,000 |
Estimated value, month by month
Our model's median estimate for homes in Speargrass Flat, up 4% over the last twelve months. An automated estimate, not a registered valuation.
Prices by bedrooms in Speargrass Flat
| Bedrooms | Homes | Median council value | Sold, last 12 months | Median sale | Per m² floor |
|---|---|---|---|---|---|
| 3 | 23 | $4.14m | 3 | — | $25,070 |
| 4 | 67 | $4.63m | 2 | — | $17,467 |
| 5+ | 106 | $6.92m | 7 | $8.2m | $21,472 |
Price per square metre
Homes in Speargrass Flat sold for a median $19,768 per square metre of floor over the last twelve months, land included (Queenstown: $9,985); the land under houses sold for an estimated $142 per square metre (Queenstown: $1,277). A sale price is not split between land and house, so the land figure gives the land the council's share of each sale — the land value as a part of the capital value at the last revaluation.
$19,768per m² of floor, land included, sales in the last 12 months
$142per m² of land, estimated from house sales in the last 12 months
$17,863per m² of floor, council capital values
$168per m² of land, council land values of houses
Recent sales in Speargrass Flat
- 2 Coronet View Road$2,270,0002 Jul 2026 · 3 bed · 300 m² floor · 8,094 m² land
- 21 Speargrass Flat Road$8,250,0009 Jun 2026 · 5 bed · 381 m² floor · 4.8 ha land
- 112 Domain Road$9,375,00025 May 2026 · 5 bed · 477 m² floor · 23,218 m² land
- 53 Hunter Road$4,400,00011 May 2026 · 4 bed · 394 m² floor · 5,427 m² land
- 208 Lower Shotover Road$4,000,00017 Feb 2026 · 4 bed · 280 m² floor · 11,555 m² land
- 47 Mooney Road$16,500,0002 Feb 2026 · 5 bed · 517 m² floor · 4.68 ha land
- 49 Hunter Road$4,420,00031 Jan 2026 · 3 bed · 110 m² floor · 3.52 ha land
- 27 Mooney Road$8,200,00029 Jan 2026 · 6 bed · 457 m² floor · 3.57 ha land
- 833 Malaghans Road$6,700,00016 Jan 2026 · 5 bed · 337 m² floor · 10.5 ha land
- 847 Malaghans Road$7,000,00019 Dec 2025 · 5 bed · 326 m² floor · 6.59 ha land
- 376 Speargrass Flat Road$3,500,0006 Oct 2025 · 3 bed · 244 m² floor · 4,640 m² land
- 760 Malaghans Road$5,200,0006 Oct 2025 · 5 bed · 211 m² floor · 15,711 m² land
How long owners stay in Speargrass Flat
Homes in Speargrass Flat change hands every 9.0 years on median, against 6.2 across Queenstown and 7.9 nationally.
9.0 yearsmedian time between sales, Speargrass Flat
6.2 yearsQueenstown
7.9 yearsNew Zealand
4.7%of homes sold in the last 12 months (Queenstown: 4.5%)
By kind: houses 9.2 years.
Time between a home's sales, for homes that resold in the last five years. A home not sold since our records begin is not counted, so owners who stay longest are under-represented.
Who lives in Speargrass Flat
About 432 people lived in Speargrass Flat at the 2023 census (up 8% since 2018); their median age was about 49 (Queenstown: 36); 85% of households owned their home (Queenstown: 56%).
432people, 2023 (2018: 399)
49median age, about (Queenstown: 36)
$143kmedian household income, about (Queenstown: $138k)
85%of households own their home (2018: 81%)
Age
- 30-64 years51%
- 65 years and over19%
- Under 15 years15%
- 15-29 years15%
Households
- One-family household (with or without other people)80%
- One-person household20%
- Two-family household (with or without other people)2%
- Other multi-person household0%
- Three or more family household (with or without other people)0%
Ethnicity
- European94%
- Asian3%
- Māori3%
- Other Ethnicity3%
- Middle Eastern/Latin American/African1%
- Pacific Peoples1%
Where people were born
- New Zealand72%
- United Kingdom and Ireland11%
- North America5%
- Europe (excl United Kingdom and Ireland)4%
- Asia3%
- Australia3%
- Other1%
- Middle East and Africa1%
Household income
- $200,001 or more35%
- $100,001-$150,00021%
- $70,001-$100,00013%
- $150,001-$200,00012%
- $50,001-$70,0008%
- $30,001-$50,0006%
- $20,000 or less4%
- $20,001-$30,0004%
Dwellings
- Separate house93%
- Joined dwelling7%
- Non-private dwelling0%
- Other private dwelling0%
Highest qualification
- Bachelor degree and Level 7 qualification21%
- Level 1 certificate11%
- Level 2 certificate10%
- Level 3 certificate10%
- Post-graduate and honours degrees10%
- Level 6 diploma8%
- No qualification8%
- Level 4 certificate8%
Stats NZ Census 2023 and 2018, summed over the census areas inside Speargrass Flat. Medians are approximate: Stats NZ publishes them per area and they cannot be added up exactly.
Real estate agents selling in Speargrass Flat
9 agents have been credited on a sale or a live listing in Speargrass Flat in the last two years. Those with the most:
- Hamish WalkerWalker & Co3 sales here
- Sarah McBrideBayleys (Queenstown And Southern NZ Realty)2 sales here
- Sarena GlassBayleys (Queenstown And Southern NZ Realty)2 sales here
- David PenroseNew Zealand Sotheby's International Realty (Browns Real Estate)2 sales here
- Brendan QuillColliers International (Otago Realty (NZ))1 sale here
- Rory O'DonnellColliers International (Otago Realty (NZ))1 sale here
- Samantha SkipperNew Zealand Sotheby's International Realty Frankton1 sale here
- Melanie RogersNew Zealand Sotheby's International Realty (Browns Real Estate)1 sale here
- Terry SpiceLuxury Real Estate1 sale here
All 9 real estate agents in Speargrass Flat, with their recent sales and which agencies sell the suburb.
Counted from sales records that name the agent, and from current listings. A count of activity, not a rating.
Building and resource consents in Speargrass Flat
14building consents in the last 12 months ($14.81m of work)
- 212 Lower Shotover Road28 Sept 2026 · Building consentAlteration to existing 3 bedroom house to remove existing outdoor kitchen and fire, and add new outdoor living area.
- 160-162 Lower Shotover Road23 Sept 2026 · Building consentNew 4 bedroom single storey house with swimming pool and outbuidling. - Future Lot 2
- 68 Elysium Way22 Jun 2026 · Building consentConstruction of single storey dwelling
- 125 Hunter Road26 May 2026 · Building consentAlt to 2-storey dwg: new woodsman Tarras mk111, sfp 150mm standard flue, cap flashing with spigot
- 791 Malaghans Road21 May 2026 · Building consentRe-construct outbuilding (into sleepout) that has burnt down
Search building consents in Speargrass Flat and see Stats NZ's count of new homes there.
Sales and valuations as at 18 September 2026, from council and LINZ records. Figures resting on fewer than 5 sales are not shown.
Property for sale by street in Speargrass Flat
About property for sale in Speargrass Flat, Queenstown
Every property in Speargrass Flat, Queenstown, whether it is for sale or not: homes, sections, farms, lifestyle blocks, shops, offices and industrial land. Each is listed from the council rating roll and Toitū Te Whenua LINZ, with the listing beside it when an agent is marketing it.
Listings come from the agents who market them, matched to the property each is for: every one opens on that property’s own page, with what it is worth, what it last sold for, its title, zoning and hazards, and what it would cost to own.
Each property has its own page: our estimate of its value beside the council rating valuation, past sale prices, the title and land area, zoning and hazards, building consents, and what it would cost to own.
- Residential property for sale in Speargrass Flat, Queenstown
- Commercial property for sale in Speargrass Flat, Queenstown
- Rural property for sale in Speargrass Flat, Queenstown
- Property in Speargrass Flat, Queenstown
- Property for rent in Speargrass Flat, Queenstown
- Property sold in Speargrass Flat, Queenstown
- Property for sale in Queenstown
Listings are published by the agents who market them. Addresses, land details and rating valuations come from Toitū Te Whenua Land Information New Zealand and from the council. No ownership information is published.
Header photo: Michael Amadeus on Unsplash (licence).