Up to 646 units or residential apartments and a 100-bed aged care facility have been agreed to or approved in principle by the Queenstown Lakes District Council under the Housing Accords and Special Housing Areas Act to date.
Five SHAs are still being considered by Building and Housing Minister Dr Nick Smith. In total, they would provide up to 510 residential allotments or units, as well as the aged-care facility.
Just one so far, Bridesdale Farm, has been approved. It will provide 136 residential allotments and one commercial.
QLDC senior planner Anita Vanstone said in her report to today's full council meeting while the year one target of 350 dwellings and sections consented under the accord had been met, "this was not met through development following the establishment of the SHAs''.
"An analysis of the year two target [450 dwellings and sections] shows that six months into year two the total number ... consented is 399 [or 88% of the year two targets] which is just 51 short ... the Bridesdale [SHA] contributed significantly to the year two targets.
"The surge in activity ... is primarily symptomatic of Queenstown's boom/bust property and development cycle.''
Ms Vanstone's report said it had been noted Dr Smith was seeking to amend the targets. However, exact figures had not yet been set.
