'eBay of renting' could smooth market inefficienciesFIONA GOODALL/GETTY IMAGES Rentberry could give investors a clearer idea of what tenants can pay, commentators say. A new rental platform called the "eBay of renting" could be bad news for New Zealand tenants. Rentberry is in a global expansion phase, launching in Australia over the next few months. Its chief executive said it was not always the highest bid that got a property - sometimes landlords preferred a renter with a good credit history or strong references. He said Rentberry would push up rents in the short term because landlords would have a better understand of potential tenants' ability or willingness to pay.

Source: Stuff April 04, 2017 03:48 UTC