Autumn in Arrowtown. .Dudley's Cottage at the end of town. Arrowtown is the much visited, historic, 4-season, southern hemisphere holiday destination, located only 20 minutes drive from Queenstown, South Island, New Zealand..Arrowtown is a former gold-mining town built on the banks of the Arrow River, once a rich source of gold in the 1860's and now a sophisticated, multi-cultural town catering to the refined tastes of its visitors from around the globe. Arrowtown offers an ambiance with its shops, restaurants, cafes, offices and galleries located within a tight precinct.