She points to research from the Australian Housing and Urban Research Institute tracking changes in rent in Sydney, Hobart and the Shoalhaven during the first Covid wave in 2020, which found rents fell across the board when short-term accommodation stock returned to the long-term rental market. But she says entire home listings – where the owner does not live in the property as a host – are contributing to wider problems. She stresses that other factors would continue to restrict the rental market even if platforms such as Airbnb were to disappear overnight. You don’t need many Airbnb listings to have a real impact on how the community functions,” she says. “Smaller housing markets have very little flexibility, especially tourist towns. The Kangaroo Valley Fudge House and Ice Creamery has closed due to staffing issues.
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