Back to Queenstown, New Zealand

113/15 Joy Street, Oamaru, Waitaki, Otago

Queenstown, New Zealand

Guide Price

$295,800

510,000 NZD

PROPERTY TYPE

Condo

BEDROOMS

1

BATHROOMS

1

113/15 Joy Street, Oamaru, Waitaki, Otago - Photo 2
113/15 Joy Street, Oamaru, Waitaki, Otago - Photo 3
1/11

Description

To download the property files please copy and paste the following link in your browser: https://www.propertyfiles.co.nz/JoyStreetOamaru Unit 113 - Ground floor with Seaview - 55m2

floor area + balcony. On offer is a limited release of 40 premium serviced apartments within Goodland Heights, a master-planned 10-hectare community in Oamaru, delivering a fully managed, income-generating investment. Joy40 has been designed for those who value performance over participation, the serviced accommodation model is professionally managed end-to-end, offering a hands-off investment with income generated through both short - and long-stay demand. Rather than a traditional residential offering, this is

about securing a cashflow driven property in a growing regional market, supported by Oamaru's increasing tourism, strong cultural identity, and consistent visitor demand. The apartments combine efficient design with a professionally managed structure, ensuring a low maintenance ownership experience with a focus on return. This opportunity will appeal to: Investors seeking passive income through property Buyers wanting exposure to the accommodation sector Those looking to diversify beyond traditional residential rentals Out of town buyers targeting stronger yields in regional markets Oamaru continues to attract domestic and international visitors, known for its heritage precinct, coastal setting, and vibrant arts scene, all of which contribute to ongoing occupancy and income potential. Fully managed. Income generating. Strategically positioned. This is property investment, simplified. Please be aware that information may have been sourced from REINZ/Property Smarts/Land Information New Zealand/ The relevant local authority/Cera and we have not been able to verify the accuracy of the same.

Location

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Living in Queenstown

New Zealand's adventure capital set against dramatic Southern Alps scenery, popular with outdoorsy types who want skiing, hiking, and bungee jumping on their doorstep. It's a small town (about 50,000) that runs on tourism, meaning seasonal work is common and housing costs are inflated well beyond what the town's size would suggest. A stunning place to live if you can afford it and don't mind the isolation.

Morning surf before work, weekends tramping through Lord-of-the-Rings landscapes, and a laid-back culture where shoes are optional and nature is never more than ten minutes away.

Visa

Skilled Migrant Category Resident Visa — points-based system requiring a skilled job offer in NZ. New pathways opening August 2026 for trades workers and those with 5+ years experience. Accredited Employer Work Visa is the faster route if you already have a job offer.

Learn more: The Complete Guide to Moving to New Zealand

Key Fact

NZ has strict biosecurity laws — importing food, plants, or outdoor gear can result in heavy fines. The work-life balance is exceptional, but the job market is small and remote from everywhere.

Learn more: What You Need to Know Before Moving Abroad
See all New Zealand listings

New Zealand at a glance

How New Zealand scores for American expats

💰Cost of Living
Expensive
🛡️Safety
Very safe
🗣️English Spoken
Widely
🏥Healthcare
Excellent
🌬️Air Quality
Clean
📶Internet
Moderate
🚶Walkability
Moderate
🚇Transit
Limited

Cost of buying in New Zealand

Estimated fees and ongoing costs for this property

Closing Costs

3-5% of purchase price

  • ·No stamp duty
  • ·Legal/conveyancing: NZ$1,500-3,000
  • ·Building inspection: NZ$500-800
  • ·LIM report: NZ$300-400

Annual Costs

Property Tax

0.3-1.5% of government valuation (varies by council)

Insurance

NZ$1,500-3,000/yr

HOA / Condo Fees

NZ$300-600/mo for apartments (body corporate)

Good to Know

Agent Fees

Seller pays (2.5-4%)

Foreign Buyer Note

Foreign buyers BANNED from existing homes (2018 ban). Can only buy new-build apartments in large developments.

Legal help in New Zealand

Hire your own attorney — not the seller's. We'll match you with a vetted local lawyer.

Need a local attorney in New Zealand?

We'll connect you with an independent, English-speaking real estate attorney experienced with foreign buyers. Not the seller's lawyer — yours.

Contact Agent

Casey Laulala - Gold Real Estate Group Ltd (Licensed: REAA 2008) - Harcourts, Papanui

Next steps for moving to New Zealand

Interested in this property? Here's how to move forward.

1

Understand the buying rules

Foreign ownership laws vary wildly by country. Some welcome you, others restrict or ban foreign buyers entirely.

2

Sort out your visa

Owning property doesn't give you the right to live there. Research residency options before you buy.

3

Plan your finances

Understand currency risk, international wire transfers, and whether you can get a local mortgage.

4

Know your tax obligations

US citizens are taxed on worldwide income. You'll need to file US taxes from abroad and may owe local taxes too.

5

Set up healthcare

Medicare doesn't cover you overseas. You'll need international health insurance or a local plan.

6

Run the full checklist

Banking, mail forwarding, power of attorney, pet import rules — the complete pre-move checklist.

Source

realestate.co.nz

Portal listings

Currency

NZD