The number of properties listed on Airbnb has skyrocketed above pre-pandemic levels in dozens of regional council areas, new figures reveal, exacerbating the rental crisis.
Homes that could be used as long-term rental properties to house essential workers now exist for holiday accommodation, raising concerns ahead of this week’s jobs and skills summit that some regional towns will not be able to attract and keep staff in caring professions or hospitality.
It was followed by Hay Shire, where available Airbnb listings doubled from 10 to 20. Only three long-term rentals were advertised. Some are listed by owner-occupiers who let out their home for a couple of weeks while on holiday. Others are holiday homes used by city residents for a vacation and let out to tourists at other times,Regional Australia Institute chief economist Dr Kim Houghton said short-term letting changes would acutely affect small and undersupplied regional rental markets that were sensitive to shifts in the number of rentals on offer.
Houghton said converting long-term rentals into short-term leases would exacerbate an already tight rental market, leaving many towns unable to attract essential workers in industries such as hospitality and aged care because they could not house them.University of Sydney professor of urban and regional planning Nicole Gurran said the number of Airbnb properties boomed in regional areas after Australians were restricted from holidaying overseas in the earlier stage of the pandemic.
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