Data released by property valuation company Valocity and reported by NZME's One Roof shows that Queenstown Lakes district recorded value growth of 4% quarter-on-quarter, and 6. 3% year-on-year.
Oh yeah, the only empty houses are all the AirBnBs (at my weekly rent every night) or lock’n’leaves. Probably 2/3rds of my street is empty most of the time. Rentals can’t be had for love or money, we got lucky with ours at the end of covid.
I’m gonna assume all hospitality staff are living in flats with 10 others to split costs?
Oh yeah, the only empty houses are all the AirBnBs (at my weekly rent every night) or lock’n’leaves. Probably 2/3rds of my street is empty most of the time. Rentals can’t be had for love or money, we got lucky with ours at the end of covid.
Man we really should have some sort of empty house tax. Our lack of housing supply is definitely exacerbated by all the empty houses.
That would be an orwellian nightmare to monitor let alone dealing with all the disputes in court.
Haha yes, it does seem that way. However, there are other places already doing it, so there must be a feasible way of doing it.
A proper capital gains tax on everything outside the primary residence is effectively an empty house tax.
The AirBnB part needs more regulation though.
Why are the AirBnBs empty? I figured they would be booked pretty solid.
Just not consistently full - definitely people in them, just not all the time. Only time everything is full is the school holidays…