Mountain Scene
By PHILIP CHANDLER
With Covid decimating Queenstown’s high-profile tourism industry, you mightn’t think a local business broker would be going for broke.
But for Arrowtowner Kevin Peterson, who’s been Tabak Business Sales’ Otago/Southland broker for the past five years, pickings have been good.
Buyer demand is in fact up, he says.
That’s from a combination of expats returning home, people who’ve lost their jobs and those who see very limited returns for money in the bank.
Some have thrown money into the sharemarket or housing but, he says, ‘‘strong businesses will ive you a hell of a lot better return than even houses, probably, because it’s more of a long-term thing’’.