Short-stay properties and sea changers have left Adriana's hometown with a 'non-existent' rental market

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When Airbnb launched in Australia 10 years ago, it popularised short-stay accommodation and changed rental markets in Australia's capital cities. Is it time for regulation?

For six months after breaking up with her partner, aged care worker Adriana Breen searched for a rental home on Victoria's Mornington Peninsula."The rents were unaffordable as well. You're looking at $400-plus where they used to be $280."Instead, she has to drive the 80-kilometre round trip from Frankston, in Melbourne's south-east, every day.

"Even a small increase — and we've seen a significant increase — in demand for housing associated with the short-term tourism market is going to exacerbate those tight rental vacancy rates."But coastal communities are facing more than an increase in short-term accommodation. During the pandemic, people have fled the cities and moved to regional areas.

And while short-term stays have always been popular in coastal areas and tourism hotspots, when it launched in Australia 10 years ago, Airbnb brought holiday homes to capital cities. An Oxford Economics report found Airbnb contributed more than $10 billion to Australia's economy in 2019. Another study in Sydney by William Thackway and Christopher Pettit found rent prices in the most active Airbnb neighbourhoods dropped by up to 7 per cent.

"It's important to have some kind of taxing regime where short-term rentals pay for the cost of that regulation through some sort of bed tax."

 

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What a atupid article, half an hour commute is a problem really? The subject of the article works in Aged Care there has to plenty of work around where the person lives if 30 mins travel to work is too much.

Article has subject complaining of a 'half an hour commute'

. It might not be good for the town. It might only make a little money for the owners. But it's FANTASTIC for rich people who can just turn up, get their satisfaction, chuck a few dollars under the pillow, zip their pants up and head back to Wollahra. Aus is for the wealthy. .

The same happens with a major project. The Snowy 2 has sucked up ALL accommodation nearby. Perhaps they should require project supplied housing as part of the deal

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