Dateline investigates the impact of short-term holiday letting on housing security. Watch the episode Scotland's Airbnb Crackdown. Tuesday 4 April, 9.30pm on SBS or stream via
SBS on Demand.
Ariel used to rent an apartment in a large Brisbane development. But hundreds of tenants were evicted late last year when the building’s management rebranded the 26-level complex as Airbnb-style accommodation.
Read the full transcript at https://www.sbs.com.au/news/dateline/article/the-impact-of-short-term-lets-on-australias-rental-crisis
‘Short-term cash cows’
Short-term letting sites like Airbnb were originally envisaged to service single rooms or apartments but have evolved to include entire three- or four-bedroom homes; what Trevor Rawnsley, CEO of the Australian Resident Accommodation Managers Association (ARAMA), calls the “party house.”
In Brisbane, 80 per cent of all active rentals are entire homes.
ARAMA maintain that these sites are useful when they provide traditional holiday letting. It is when suburban family homes are transformed into “largely vacant short-term cash cows” that concern arises.
“[Holiday lets have] now morphed into this monster that is eating up residential homes,” Rawnsley said.
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