Queenstown
Safari GroupNew LaunchMountain Oak — Penthouse
36 Red Oaks Drive, Remarkables Park, Frankton, Queenstown
The crown jewel of Mountain Oak — 3-bedroom penthouse apartments with panoramic views of The Remarkables and Lake Wakatipu. Trophy assets for discerning investors seeking the ultimate combination of lifestyle and income in New Zealand's most iconic alpine resort town.
QueenstownPenthousePremium LifestyleOIO ExemptMountain ViewsTrophy Asset
Mortgage & Yield Calculator
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$294,300
10%50%
10 years30 years
Mortgage Rate: 6.5% p.a. (current NZ average)
Monthly Payment
$4,637
Loan: $686,700
Monthly Cashflow
-$2,816
After all costs & tax
Gross Yield
5.20%
Before expenses
Net Yield
2.23%
After expenses & tax
Annual Breakdown
Gross Rental Income+$51,000
Property Management (9%)−$4,590
Maintenance & Repairs (1.5%)−$14,715
Insurance−$1,350
Net Rental Income$30,345
Income Tax (28%)−$8,497
Net Income After Tax$21,848
Annual Mortgage Payments−$55,640
Equity Built (Principal)+$11,004
Annual Cashflow-$33,791
Note: This is a simplified estimate. Actual returns depend on vacancy rates, maintenance costs, and tax situation. Consult a tax advisor for your specific circumstances.
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Chat with AliciaInvestment Breakdown
$981,000
Entry Price (SGD)
$1,299,000
Entry Price (NZD)
5.2%
Gross Yield
$4,250
Monthly Rent (SGD)
Simple Cashflow Example (SGD)
Purchase PriceSGD $981,000
Annual Rental IncomeSGD $51,000
Gross Yield5.2%
Net Yield (est. after costs)4.3%
Monthly Rental IncomeSGD $4,250
* Estimates only. Actual returns may vary. Does not include mortgage, management fees, or taxes.
Why This Property
Target Tenant Profile
Ultra-high-net-worth visitors, luxury short-term guests
Demand Drivers
- Queenstown's luxury tourism market growing 15% annually
- Penthouse premium commands highest nightly rates
- Scarcity — limited penthouse units
- OIO exempt for Singapore buyers
Nearby Infrastructure
Queenstown Airport — 2 min driveRemarkables Ski Field — 15 minQueenstown CBD — 15 minWorld-class dining and activities
Unit Types Available
3-bed penthouse
3-bed private entry unit
Expected completion: Mid-2027
5 units currently available
About Safari Group
Safari Group has over 25 years of experience delivering premium mixed-use developments across New Zealand. Specialising in hotel and residential apartments, they have delivered 2,000+ units and manage the full development cycle from land acquisition to hotel management.
25+ Years Experience2,000+ Units Delivered4 Queenstown Developments
Quick Facts
Property TypeApartment
Bedrooms3 bed
Investment TypePremium
DeveloperSafari Group
Units Available5
CompletionMid-2027
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