PHOTO: Queenstown (file picture). Source: istock.com
New research suggests there could be a link between areas with high housing costs and a big concentration of Airbnbs.
The University of Canterbury research shows Airbnb rentals are concentrated in the regions and tourism hotspots, with one Airbnb for every five residents in Queenstown Hill alone.
Workers and families continue to be squeezed out of Queenstown amid high rents and house prices, with a local Housing Trust saying short-term rentals such as Airbnb are partly to blame.
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