The push to crack down on Airbnb and move the homes into the long-term rental market faces a stiff challenge: short-stay accommodation yields far greater returns.
rentals, and lord mayor Sally Capp said having more properties leased through short-stay accommodation meant fewer homes were available for workers and students., which includes Brunswick, Coburg, Fawkner, Oak Park and Pascoe Vale, has 861 Airbnb listings. Mayor Angelica Panopoulos has also indicated a desire to crack down on short-stay accommodation.
Mr Greco said he wanted councils to consider these options, as well as charging short-stay accommodation providers commercial rates, instead of residential rates, which Australian Housing and Urban Research Institute managing director Michael Fotheringham says would be most effective. “Without investors, there are no renters. One needs the other. If the investor gets penalised, so does the renter.”
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