Hi All 

The seasons first snow is now on the mountains and it is an indication of what is to come. However it pays to remember the old saying what comes in May goes away.

We are seeing more prospective tenants as the winter gets closer and with the large numbers of properties available their choices are quite good. The year ahead could be one of the more difficult we will face with so much uncertainty in all the markets. The rental market is no exception and the number of vacancies is concerning us. Rental prices are trending down and will continue to do so for the next few months.

With the current market and lower interest rates we are now seeing investors come back into the market and there are some good opportunities for them to consider.

WHATS ON

Les Miserables Queenstown Memorial Hall 13th May - 23rd May

Michael Hill International Violin Competition Queenstown Memorial Hall 4th -6th June

Queenstown Winter Festival 2009 26th June -5th July

Winter Games 22nd- 30th August

Queenstown is an all year round destination and there are so many activities that visitors can take part in so check out www.queenstown-nz.co.nz for information.

Golf is becoming a very important part of the tourist market and we are indeed fortunate to have some very good courses to choose from. The success of the New Zealand Open highlighted that and more and more people are discovering the area as a golf destination.  My three favourites are Kelvin Heights, Arrowtown and Jacks Point.

Visit their respective web sites for more detail. www.queenstowngolf.co.nz www.arrowtowngolf.co.nz I have managed to have played on the new Jacks Point course and the golf may have been very ordinary but the experience of playing on this challenging set up was well worth it.

If any one wishes to make comments re Queenstown please email me at doug@resortrentals.co.nz

Doug

"Experience is something you don't get until just after you need it"