{"id":18175,"date":"2018-10-11T05:51:15","date_gmt":"2018-10-10T18:51:15","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/?p=18175"},"modified":"2018-10-11T23:14:23","modified_gmt":"2018-10-11T12:14:23","slug":"housing-affordability-affected-by-airbnb","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/real-estate\/housing-affordability-affected-by-airbnb\/","title":{"rendered":"HOUSING AFFORDABILITY AFFECTED BY AIRBNB"},"content":{"rendered":"<p><strong>Airbnb is continuing to put some pressure on the rental market and housing affordability.<\/strong><\/p>\n<p>This is according to RiskWise Property Research chief executive officer Doron Peleg, who said that while in some areas Airbnb could help absorb an oversupplied rental market, in other areas it had the detrimental effect of increasing house prices.<\/p>\n<p>\u201cOn top of that those looking for long-term tenancy simply can\u2019t afford to pay the same rates as those taking short-term lets while on holiday.\u201d<\/p>\n<p>He said Airbnb, the online marketplace that allows owners to rent out their homes to holiday-makers, had proved a lifeline for investors unable to find tenants in an over-supplied rental market, such as inner-city Melbourne.<\/p>\n<p>However, at popular holiday destinations such as Bryon Bay it had helped force long-term tenants out of the market and increased property prices.<\/p>\n<p>\u201cIn areas such as these, and particularly in beachside suburbs, we see the overall demand for properties by investors and owner-occupiers going up.<\/p>\n<p>\u201cInvestors know they can use the property for Airbnb, and many put in place leasing contracts that only last 10 months, so they are vacant during summer for the holiday-makers, and this supports the demand for properties.<\/p>\n<p>\u201cSo, when home buyers try to enter the market, they are faced with competition from investors which obviously drives prices up.<\/p>\n<p>\u201cAnd those looking for long-term leases generally aren\u2019t keen on moving every few months due to Airbnb so then that also encourages them to buy, which again means there are more competing for properties and pushing prices up; it\u2019s a phenomenon which we are seeing around the world.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Airbnb is continuing to put some pressure on the rental market and housing affordability. This is according to RiskWise Property Research chief executive officer Doron Peleg, who said that while in some areas Airbnb could help absorb an oversupplied rental market, in other areas it had the detrimental effect of increasing house prices. \u201cOn top [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/real-estate\/housing-affordability-affected-by-airbnb\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":26,"featured_media":18149,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[29],"tags":[],"post_folder":[],"class_list":["post-18175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>HOUSING AFFORDABILITY AFFECTED BY AIRBNB - Surf Coast Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/real-estate\/housing-affordability-affected-by-airbnb\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HOUSING AFFORDABILITY AFFECTED BY AIRBNB - Surf Coast Times\" \/>\n<meta property=\"og:description\" content=\"Airbnb is continuing to put some pressure on the rental market and housing affordability. This is according to RiskWise Property Research chief executive officer Doron Peleg, who said that while in some areas Airbnb could help absorb an oversupplied rental market, in other areas it had the detrimental effect of increasing house prices. \u201cOn top [...]Read More...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/real-estate\/housing-affordability-affected-by-airbnb\/\" \/>\n<meta property=\"og:site_name\" content=\"Surf Coast Times\" \/>\n<meta property=\"article:author\" content=\"jamespetertaylor\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-10T18:51:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-10-11T12:14:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/2\/2018\/10\/Airbnb.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"248\" \/>\n\t<meta property=\"og:image:height\" content=\"183\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"James Taylor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@notthatjt\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"James Taylor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/real-estate\\\/housing-affordability-affected-by-airbnb\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/real-estate\\\/housing-affordability-affected-by-airbnb\\\/\"},\"author\":{\"name\":\"James Taylor\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/#\\\/schema\\\/person\\\/2655215c02475fb33ffa43a1c8fe2677\"},\"headline\":\"HOUSING AFFORDABILITY AFFECTED BY AIRBNB\",\"datePublished\":\"2018-10-10T18:51:15+00:00\",\"dateModified\":\"2018-10-11T12:14:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/real-estate\\\/housing-affordability-affected-by-airbnb\\\/\"},\"wordCount\":272,\"publisher\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/real-estate\\\/housing-affordability-affected-by-airbnb\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/2\\\/2018\\\/10\\\/Airbnb.jpg\",\"articleSection\":[\"Real Estate\"],\"inLanguage\":\"en-AU\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/real-estate\\\/housing-affordability-affected-by-airbnb\\\/\",\"url\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/real-estate\\\/housing-affordability-affected-by-airbnb\\\/\",\"name\":\"HOUSING AFFORDABILITY AFFECTED BY AIRBNB - 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