Bob's place is a good option if you want to save a little bit on accommodation costs and just use as a base for all of the wonderful activities in Queenstown. Location is out of town but less than 100m to a bus stop. Buses in Queenstown are cheap ($2 per ride), regular (every 15 minutes and almost always on time) and convenient (bus takes straight to town and then same bus will head out to the airport - still only $2. Would recommend for a short stay as a place to crash after days of hiking, rafting, jetboat riding, cruising etc etc