Rentberry, a rental platform described as the ‘eBay of renting’ or auction site for renters, has confirmed plans to come to New Zealand.

• Rentberry is in a global expansion phase, announcing its launch in Australia and New Zealand over the next few months.

• This could be bad news for tenants who will be bidding against each other for a property, which may push prices even higher.

• However, landlords wouldn’t have to worry about gathering information & credit history of potential tenants for they only have to choose.

• The higher returns & increased information available to landlords should encourage more investors into the market, increasing the supply of rental property or the supply of housing overall.

Sources: 
Controversial ‘eBay of renting’ criticised overseas, but may have an upside
Controversial renting platform Rentberry confirms it’s coming to NZ

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