The Power Of Airbnb -Wellington’s rental squeeze could worsen as homeowners choose Airbnb over Renting

According to stuff.co.nz, Airbnb’s growing popularity could see the already scarce number of rental properties in Wellington diminish even further over the next five years, and industry insider says. Airbnb is poised to become even more of a factor in the capital’s rental crises as more and more landlords turn over their flats and apartments exclusively to Airbnb management companies, rather than renting them out the traditional way. Airbnb is taking away rental stock from traditional long-term tenants. We all need rentals but as this catches on and tourism increases it’s going to be a problem. How Does Airbnb Work?

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Why Aribnb Becomes an Option for Homeowners?

Airbnb is a crowdsourced accommodation platform that allows people to put up their places, spaces and spare rooms for other users to stay in. In June the global company set up its first New Zealand office in Auckland to keep up with demand for the service. There are now more than 7000 properties in New Zealand listed on Airbnb, up from 6000 just a month ago. A growing number of travellers are taking advantage of a surge in the number of homeowners offering to rent out a place to sleep. The benefits for homeowners to lease their spare room/entire house

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