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.
» Stay tuned to the latest property news summaries, sent to your inbox weekly – sign up now!