Airbnb rentals locking Australians out of market, new data shows

Landlords chasing top dollar as short-term Airbnb accommodation is locking renters out of the market, and driving up leases around the country, new data shows. An analysis commissioned by Fox Removals shows short-term rentals were placing increasing pressure on tenants, with some markets around the country being overrun by Airbnbs. While the data highlighted investor hotspots, it also showed a third of the listings it analysed were associated with large hosts. Across the 850 suburbs, a third (33.6 per cent or 9630 listings were associated with 380 host accounts that each have 10 or more listings. Fox Removals founder Daniel Hassell. Supplied Fox Removals founder Daniel Hassell said money was a big part of the Airbnb attraction. “In popular coastal and city-centre locations, renting a property out by the night can bring in more than a traditional long-term lease, particularly during peak holiday periods,” he said. “But it’s not always just about the money – some owners want to use the property themselves over summer, while others prefer the flexibility of short-stay letting rather than committing to a long-term tenant.” Airbnbs are taking over some of our holiday hotspots. According...