Stuart Mitchell
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Podcast Appearances
And I was doing a bit of research on this and of the whole housing stock, whether it's rented or not, 14 to 16% is Airbnb'd here, which is just huge.
That's an issue, to be honest.
The council don't have any power to do anything to limit it, restrict it.
It is an issue, but as an investor, that's not your problem to deal with.
Like if you can do it, then you're going to do it.
And the returns, I think the average returns they reckon on a long-term is 50,000 on Airbnb is 59,000.
Quite a big difference percentage-wise.
So the easiest way is just go on Loan Market Queenstown.
All my details are there, but stewart.mitchell at loanmarket.co.nz.
We can catch up remotely.
We can catch up face-to-face.
I do like to see people face-to-face in our office.
I've got a big screen behind me there.
You can see I go through all the bank's calculators with you, every bit's unturned in front of your eyes, even my mistakes.
And we'll have a good chat and go through everything and what you're trying to do.
Mate, I'm terrible.
We have also got some of the best golf courses here in the world, but my golf is absolutely terrible.