NZ Property Investor

BACK IN BUSINESS AT LAST

"We have had record month after record month since July. For the inner-city apartments, we have back-to-back bookings. It’s been amazing.”

Jenny Parkes, business manager at short-term accommodation management company Relaxaway, is delighted Queenstown is back in business. She’s been with the company for 10 years and admits that since Covid-19 hit in 2020 the industry has been volatile.

“The month before Covid-19 lockdowns was the biggest month we ever had,” she says. “Then everything shut down straight after. It was incredibly tough.”

But while there has been a lot of noise around the number of investors who “pivoted” to long-term when their holiday rental revenue was decimated by Covid restrictions, Parkes says most of their clients just waited it out.

“Our clients are lucky enough to be able to afford to keep their homes empty during lockdown,” she says. “We have a sister

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