How is Queenstown?

[keltzar]

hi all

I just found this forum ..yay..!

I have been thinking about getting an apartment in Queenstown partially as investment, partially for self-interest. Have looked at listings for the Sofitel in Queenstown but understand that it faced problems some years back and the yields are not good.

Is it a good time to buy into Queenstown , S.island?

For a steady rental ... would it be better to look at houses?

I have had some experience owning an apartment in Auckland , and my means of financing will be off-shore.

[speights boy]

Queenstown....absolutely great place.
My opinion....stay away from managed lease properties; go private.
Perhaps a dual key apartment; or at least one where you are not tied into a long term hotel lease (fees and no flexibility...eek)