Airbnb isn’t making rental affordability “significantly” worse, but it is reducing the number of properties that are available for long-term renters in Sydney and Melbourne.
According to a new report, released today, that applies especially to the “high-demand” suburbs with “significant tourism appeal”.
The report was from the Australian Housing and Urban Research Institute (AHURI), which describes itself is a not-for-profit organisation funded by several universities and governments (Federal, state and territory).
It investigated the extent to which short-term leasing adds to housing affordability pressures, found that one in seven rental properties in Sydney’s and Melbourne’s inner-city and beachside suburbs are “commercial” Airbnb listings.
The research team — academics from the University of New South Wales (UNSW) and Swinburne University of Technology — defined “commercial” as an entire house or apartment that is listed for rental for more than three months (90 days) each year.
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