"At this stage we are searching likely points, looking for any sign of the missing man, and seeking to eliminate as many possibilities as possible.
"Further teams are being placed on standby to be used if needed."
Wanaka police and land search and rescue members began their search after the Southern Lakes helicopter arrived from Te Anau overnight.
The helicopter is equipped with night vision equipment, a spotlight and winch.
Wanaka police search and rescue coordinator Senior Constable Mike Johnston said the focus of the search was on the areas the man had intended to hunt in the upper Rob Roy Valley and the southern face of Homestead Peak.
The conditions for night flying had been favourable with clear skies, light winds and good moonlight.
Searchers hoped the hunter had a light source that could be detected by the night vision equipment.
Another search team was on standby.