Property investment is still one of the most popular vehicles for generating income in New Zealand. Staggeringly, almost a third of total investments in New Zealand are in residential property and it’s easy to see why. Investment property is easy to understand, shows robust reliable returns, and can be a great way to increase wealth. But how does this relate to Airbnb?
What are the benefits of owning an Airbnb property?
Becoming an Airbnb host means you can accrue a larger income rather than just letting your property. By charging by the night, the bookings may fluctuate up and down, but as an Airbnb host, you can still make more cash if you know how to manage and market your space properly. Optimising your listing will make a huge difference in the number of bookings you receive.
You’ll always be meeting new people – entertaining guests in your home, or your investment property will open you up to new people as often as daily. Your hospitality skills will improve and through the process of teaching people about your neighbourhood, you’ll become an expert in your area.
You don’t have to do the hard work all by yourself. There are lots of options available for time poor property owners when it comes to the day-to-day management of an Airbnb investment property. From co-hosting to property managers like The Urban Butler, you can be as hands on or off as you wish.
Why choose an Airbnb investment property in Auckland?
Airbnb contributes a great deal to New Zealand’s economy. In 2017, tourism expenditure of Airbnb guests accumulated to $660 million within New Zealand. Short term rentals have become an increasingly popular option for travellers exploring New Zealand as a cheaper means of accommodation. In addition, Auckland attracts the most short stay visitors New Zealand wide, gathering a 30% market share in the tourism industry.
Both domestic and international tourists are spending more and more time in the city of sails as there really is something here for everyone. From vineyard hopping on Waiheke Island, to exploring the vibrant food and drink scene, tourism in Auckland is forever growing, and demand for city centre Airbnb properties is high.
Now is the time to act. When you buy your Airbnb property, reach out to our team at The Urban Butler. We are Auckland’s premier property management provider and take care of everything, offering an end to end service guaranteeing you higher nightly rates, more bookings and happier guests.