Originally Posted by
thebusinessman
So I'm in Queenstown at the moment, drove in from Christchurch and the place is... not dead yet.
The true litmus test of economic activity would have to be the length of the line at Fergburger. No line, but the place was doing steady trade in $15 burgers and all seats and tables were full.
Still a bit of traffic on the roads, none of the queues we used to see coming into the centre.
Quite a few groups of people drinking and laughing on the Lakefront, I guess these are young locals/workers looking for cheap entertainment while things aren't quite as lively as they used to be. I would say the restaurants and bars were half full last night (a Tuesday).
I've seen no evidence of people yet dropping property prices, I do struggle to see how further satellites like Glenorchy will continue to demand 700k for a few acres. Off to Wanaka tomorrow and will be interesting to compare.