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The New Daily
The New Daily
Business
Sezen Bakan

‘Bad news for renters’: Landlords chasing big dollars with AirBnB

An increasing number of landlords are turning to the short-term rental market to turn a bigger profit. Photo: TND/Getty

National rental listings have plunged to a record low as landlords shift focus to short-term leases in the name of maximising profits.

SQM Research data shows national residential rent listings sat at a touch more than 55,000 in the second week of August – a slight recovery from the 40,061 listings seen in April.

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