NO HOLIDAY
It’s getting harder to be a rental property owner these days. There’s the Healthy Homes minimum standards, the new rules around the ring-fencing of rental losses, and the looming reforms to tenancy law. And, on top of the swathe of regulatory changes, rental yields remain low.
The changed environment means that some people believe many landlords are likely to exit the rental market. While there’s no real evidence of such an exodus as yet, lots of rental property owners are opting to provide short-term rental accommodation rather than operating in the traditional rental market.
Popular opinion has it that taking the Airbnb route leads to easy, sky-high returns. There’s a lot of hype around this but it’s not that simple. Some people make big bucks from putting an apartment, minor dwelling or bach up for short-term rent. Many do not. Those that do, tend to take a more active approach to their rental than they would with a traditional one.
As we’re fast approaching the peak holiday season, it seems timely to take a close look at what New Zealand’s short-term rental market is really like currently. In this issue, we assess the scene, speak to a range of industry participants, and find out what you need to know to do well.
NUMBER CRUNCHING
There can be no doubt that short-term rentals are an increasingly popular option for property owners.
A recent Stats
