Sydney rents fell during the pandemic as investors swapped short-term holiday lettings for traditional rentals, UNSW research shows.
Analysis shows most tourist accommodation — be it Airbnb or traditional hotel accommodation — comes with sizeable greenhouse emissions.
UNSW Business School research shows Airbnb hosts who appear to be more attractive and trustworthy charge up to 5 per cent more than their peers for similar listings.
In 2016, a Victorian court decided an Airbnb arrangement was a lease. 'Guests' could be protected by tenancy law, including against eviction. And in this case the host was evicted for subletting.
Short-term letting via digital platforms benefits some in the market at the expense of others. Closer regulation might be needed in Melbourne and Sydney, where a permissive approach prevails.
As the NSW State Government moves to impose limits on apartment owners who continuously let on a short-term basis, one issue is that Airbnb isn't transparent about how many properties are truly 'shared' and how many are just part of a business.
UNSW researchers are hoping to shed light on the role that Airbnb plays in the housing affordability crisis in Australia's two biggest cities.
As the sharing economy evolves, so do insurance models, writes Rob Nicholls.