HAS THE SUN SET ON SHORT-TERM RENTALS?

What happens to Airbnb properties when tourism grinds to a complete stop overnight? With international travel off the menu for at least a few months and probably longer, and even internal travel currently banned, owners of short-term rental properties have had that income completely cut off.

There’s been a lot of speculation as to how this could impact the property market. Will the owners of short-term rentals decide to sell? Will they switch the properties across to the traditional long-term rental market? And will that mean higher levels of supply leading to lower prices and rents?

HOLIDAY HOUSES SITTING EMPTY

So far, with the country in lockdown, our property market has been at a standstill. Right before the lockdown began, Otago PIA President Kathryn Seque says a flood of properties hit the Dunedin rental market. But there was only a