Many people believe that Airbnb impacts the rental market, and recent research tells us that these beliefs are well-founded.
Cconsidering the small size of Airbnb in comparison to the total rental market in Sydney, the impact of Airbnb ought to be minimal. However, this study shows us that the impact is not equally distributed, as the majority of Airbnb accommodation is in the higher-end areas such as beach-side suburbs and those areas that are closer to the CBD.
In these areas, there is a very real danger of local residents being pushed out of renting and living in these most sought-after areas, so that tourists can move in. This impacts supply and cost of rental properties because those homes that remain on the rental market are able to command higher rents (due to shorter supply and higher demand). Once again, tenants lose out.
Melissa saves tenants time and frustration by offering an affordable service that finds and secures the best rental properties quickly, easily and efficiently. If you need a Licenced Real Estate Agent to find your next rental home for you, don't hesitate to make contact.