We found Queenstown to be an interesting location among our Kiwi travels but if you are going to stay there, than this is the place. The apartment is spacious with a great balcony looking out over Lake Wakatipu. The location puts you within an easy walk to the lake, shopping, and great restaurants, as well as a super grocery store (Mediterranean Deli) if you are foodies. The decor is modern, a bit reminiscent of a ski condo in Colorado. There is a great fireplace in the living room and the appliances are adequate for simple kitchen tasks. The pots, pans, and cutlery were a bit limiting for anything extravagant cooking wise, but we managed through it. The house "manual" is pretty comprehensive with plenty of tips on navigating your way around. Wifi is good but the Sky TV system was a bit confusing unless you are well versed in operating multiple remotes. The down side of being centrally located is, with this being somewhat of a party town (at least while we were there), the noise can carry on to the wee hours of the morning... mildly noticeable but not sleep depriving.
All in all, a great spot for a few couples (we were just two people) to enjoy the festivities Queenstown has to offer. On a side note, taxis are over-the-top expensive but we found the bus system to be more than adequate, even for transportation to and from the airport.
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