Wellingtonians Georgina and Peter Kiss stumbled onto improved returns through Airbnb-ing after a traditional tenant moved out. Opinion is divided on whether renting out properties as short-term Airbnb lets is the solution for landlords looking to maximise their returns.
London-based online agent Nested’s international Real Estate Return on Investment Index suggested an Auckland investor would take 22.6 years to recover their purchase price leasing through Airbnb, compared to 31.6 years by traditional tenanting. Its broadbrush figures showed an investor who bought an Auckland three-bedroom property at last year’s $783,668 average NZ property price could pursue 2016’s average monthly rent of $2062 versus Airbnb’s average monthly Auckland rental of $7252.
Some Kiwis who have had hands-on experience switching rentals into Airbnb properties agree there are improved returns to be had, even after vacancies and expenses.
Wellingtonians Georgina and Peter Kiss stumbled onto improved returns through Airbnb-ing after a traditional tenant moved out. The couple bought a two-storey Roseneath home a couple of years ago.
They live upstairs with their three-year-old son, above a one-bedroom studio and two-bedroom apartment.
Georgina says: "We make about double leasing the extra spaces out by Airbnb compared to what we did as normal rentals. We really enjoy it and would […]