Analysis by international data company AirDNA suggested short-term rental supply had fallen in Australia's two major capital cities before the COVID-19 pandemic.
The Hobart City Council has banned new whole-home, short-stay accommodation in the inner-city area and Brisbane City Council has created a new rates category for short-term accommodation properties, hiking rates by 50 per cent. Charities across Australia are reporting increased demand for their services as the country grapples with a rental housing shortage.It concluded the cost to Australia of not providing sufficient public, social and affordable housing would be an extra $25 billion per year by 2051.
"What about getting to the nub of the problem which is how do we increase supply to put downward pressure on pricing and allow us to function as a normal society?"
Domain search for 2 bedroom rentals under a mere $475 a week available right now in Melbourne. Doesn’t look like much of a crisis. Article mentions 33% reduction, but down from when? Covid lockdown?
They should also have to pay their neighbours who have to put up with the noise, trash, drunken fights in the street at night, parties etc. I'd rather have neighbours then new strangers every week.
Yes please take our property our money and our lives we don’t need them we will be happy without them.
Free-standing, single family dwelling operating as an accredited B&B - for sure. But nothing else. ASTRA, get lost! Right2Housing NeighboursNotStrangers
Should be a limit on air b&bs particularly is some costal towns, yes I’ve used them for holidays but found it ridiculous that almost every house where I’ve been has been in the street or area is an air b&b it needs regulation definitely. Where are locals meant to live?
In Sydney real estate agents are using airbnb to rent properties. Just think of that.
Interesting read. I'm not sure if short-stay operators understand how serious the long-term rental market is under pressure though. A home should always take priority over a holiday place surely. Yes, regulation is critical. Stressed renter here 🙁
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