Queenstown would not have the reputation it has if it only had picturesque views of lakes and mountains. It is not a reputation made from purse outlets and curio shops, but a sense of adventure that includes heart-clenching free fall toward both land and water. The type of free fall to be had when bungee jumping.
Queenstown has three bungee jumping sites, all of which will run you about $180 NZD. The Kawarau Bridge Bungee is the oldest in existence (yeah, all of existence) and still the most popular in the country. Located a twenty minute ride from Queenstown, the leap is 43 meters (141 feet) of rushing adrenaline, while there are also a handful of ziplines that will slingshot you over the river.
The Ledge is a 400 meter (1,312 foot) high jump at the top of the Skyline Gondola smack dab in the middle of Queenstown that provides unparalleled views of Lake Wakatipu; not that you'll be looking as you dive toward the earth with your heart in your throat. The best part is that you can jump or swing the Ledge both day and night (that's right, you can fly with the stars).
Lastly, the highest bungee jump in all of Australasia is the Nevis Bungee. This 134 meter (440 foot) fall into space occurs over the Nevis River from a cable-secured platform in the sky. If this wasn't enough, the world's largest swing, known for a 300 meter arc (!) can be attempted here as well. This bungee is located about 45 minutes away by bus and its price includes both the bungee and the swing.
Leave it to Queenstown to have three bungee jumps in close proximity. You can find out further information or even book any of the jumps via the included website.