Jason Momoa buys Queenstown estate for NZ$15 million, NZ$3.5 million above valuation

Hollywood actor Jason Momoa has expanded his presence in New Zealand by buying a 4.92-hectare lifestyle property in Queenstown for NZ$15 million (£7.1 million). The property is in the rural area of Dalefield. It once belonged to the late actor Sir Sam Neill before being passed on to his former wife. According to property records reported by real estate website OneRoof, the sale price was NZ$3.5 million above the property's official rating valuation. It was also the second-highest residential sale recorded in the Queenstown-Lakes district this year. Momoa officially took ownership of the large estate after spending several months looking for a permanent home in Central Otago. He has visited the region many times for both work and leisure.Premium price in a tight marketThe multi-million-dollar sale highlights the strength of the high-end property market in Queenstown-Lakes. While property values have slowed in other parts of New Zealand, local data analyzed by OneRoof shows that average property values in the district have risen by more than NZ$300,000 over the past three years. The regional average is now close to NZ$2.2 million. Market experts say prices remain high because the reg...