Central Otago Mirror - - PROFILE - Tourism: In­vest­ing in New Zealand: Res­i­den­tial prop­erty mar­ket: Com­mer­cial prop­erty mar­ket: Queen­stown tourism: Queen­stown’s fu­ture: Af­ford­able hous­ing: Money:

‘‘Most New Zealan­ders should have 40 per cent or more of their money out­side of New Zealand.

‘‘New Zealand by in­ter­na­tional stan­dards is very small. It has a small econ­omy with limited op­por­tu­ni­ties for in­vest­ment and it’s very brit­tle. It’s an econ­omy based on agri­cul­ture and tourism and it’s not hard to see it snap­ping and break­ing at some point.’’

‘‘It’s too highly val­ued and too much in politi­cians’ sights.

‘‘Politi­cians of all colours are say­ing they want to curb prop­erty prices.’’

‘‘Be­cause it’s very ex­pen­sive I per­son­ally in­vest through list prop­erty trusts, which give re­ally good in­come and are not sub­ject to the po­lit­i­cal in­ter­fer­ence res­i­den­tial prop­erty is.’’

‘‘It seems to be do­ing very well but it is some­thing of a fickle in­dus­try and not one that I per­son­ally in­vest in. I can’t see any rea­son why it wouldn’t go [from strength to strength] ex­cept for some type of fi­nan­cial or nat­u­ral disas­ter.’’

‘‘Some of the ma­jor play­ers here are very good busi­nesses. They are gov­erned and man­aged very well.’’

‘‘I’d like to see some other in­dus­tries come in here with re­ally good higher paid jobs for peo­ple . . . in ed­u­ca­tion, tech­nol­ogy, health.’’

‘‘It must be very dif­fi­cult fi­nan­cially for mid­dle-in­come peo­ple to make their way here. I think we need to be care­ful be­cause we run the risk of hol­low­ing out that mid­dle part. We’ll al­ways have young peo­ple run­ning lifts and mak­ing cof­fee and wealthy peo­ple will al­ways be here. It’s that mid­dle place that we de­pend on for all our ser­vices.’’

‘‘Money has no value but the life that money can give is in­valu­able. There’s just no point in ac­cu­mu­lat­ing money for its own sake. She who dies with the most toys does not win. But money is the re­source that al­lows you to do things and gives you choices.

‘‘It’s a means to an end. It’s not the end game in it­self.’’

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