Rents through the roof in Airbnb hot spots
By Jimmy Thomson Rents in Sydney’s hottest Airbnb hotspots are soaring by up to five times as much as city averages, an analysis of housing costs reveals. And ordinary tenants…
It’s not just Airbnb – it’s all short-term holiday letting (STL) in apartment blocks. But that California-based holiday letting internet site has become the generic term for this activity.
Now that there’s proof that it afffects residential rents – they go down when STLs go away – it will be interesting to see how state governments react when out borders are open. Expect lighter-touch, if any, restrictions to encourage tourism.
By Jimmy Thomson Rents in Sydney’s hottest Airbnb hotspots are soaring by up to five times as much as city averages, an analysis of housing costs reveals. And ordinary tenants…
The tide appears to be turning on the apparently frantic rush to make unrestricted apartment holiday letting the norm in Australia. The upper house in the Victorian parliament has rejected…
Sydney MP Alex Greenwich has slammed proposals that Airbnb-style short-stay lets of entire apartments should be allowed in apartment blocks, even when the vast majority of owners don’t want them.…
I was hoping to take a holiday from typing the words ‘short-stay’ or Airbnb but I haven’t lasted 24 hours – it’s an issue that just won’t go away. While our state…
This week’s strata news is going to be dominated by the release of the report into short-stay letting. I’ll let you wait until Wednesday when all will be revealed (in…
Another major tourist destination has joined the growing list of world cities cracking down on internet-based holiday letting hosts and their online agencies – like Airbnb and Stayz – saying…
Last week, the Supreme Court in Melbourne ruled that owners corporations could not pass by-laws banning short-stay lets, such as through Airbnb, in apartment buildings. This is a big win…
Last Friday, the Victorian Supreme court ruled that owners corporations in that state did not have the right to ban short-stay lets, which is a major blow to any unit…
Chaos for short-stay hosts as Supreme Court rules, legislation stalls and minister resigns The whole future of who can rent out their Melbourne home to short-stay guests is up in the…
Obviously, the following Flat Chat column was written before the events of last week in Victoria, which you can read about in our other featured story – JT. While NSW…
Things are getting serious down in Victoria where the We Live Here movement – set up to curb the unfettered spread of short-term lets into residential apartment blocks – has launched a…
A Tribunal decision on Airbnb lets in Melbourne has sent a chill through permanent residents of apartment blocks here in Sydney but it also created a wave of optimism, if not opportunism,…