Ed McKnight: Opes Partners Resident Economist says Airbnb restrictions are not the answer to more housing in Queenstown
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Ed McKnight: Opes Partners Resident Economist says Airbnb restrictions are not the answer to more housing in Queenstown
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About this listen
Global tourist hotspots like Barcelona and New York are banning or restricting the use of short term accommodation, like AirBnB to try to free up housing.
Now , Sydney is looking into it.
Queenstown is also interested - with a third of homes empty every night due to short term rentals.
Opes Partners Resident Economist Ed McKnight told Andrew Dickins that it makes sense for Sydney but not necessarily Queenstown.
He says if you take away Airbnb in Queenstown - it doesn't mean there's more housing for sale - because a lot of them are holiday homes anyway.
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