Income for landlords generated by properties listed on short-term rental websites such as Airbnb and Stayz has grown significantly in holiday hotspots including Brisbane city, Byron Bay, the Blue Mountains near Sydney and Victoria’s Mornington Peninsula over the past year.
But it is on Queensland’s Gold Coast that landlords are cashing in most, with short-term rentals generating $83.6 million in the first three months of this year, compared with $40.4 million in the same period last year.......
.......Nicole Gurran, a professor with Sydney University’s School of Architecture, Design and Planning, called on state and local governments to work together to prevent further losses of long-term rental supply.
“In areas where you’re starting to get a problem – where there are low permanent rental vacancy rates and local workers can’t find housing – you need to enact rules,” she said.
Read the full article at https://www.afr.com/technology/serious-money-why-listing-on-airbnb-stazy-is-so-attractive-20230412
Comments