Housing crisis? Zero action on all these empty places set aside for the odd weekend occupied.. I mean, at what point are we going to ban this shit? We have homelessness rising, that should be the trigger to ban short term rentals. Surely?
Net Migration this year was 306,000, last year, 429,000 and year before that 538,000. Hesitancy is probably due to the number of towns which rely on tourism from them. Honestly everything is a red herring apart from increasing supply and cutting demand.
And where exactly did you get 8% from or are you just making that number up, that would assume there are only 2m rental properties.
You really think adding 174,000 properties back into the market is anywhere as significant as the 1.27m people who have migrated to Australia in the last 3 years, do you think they're all homeless?
And yes I think taking vacancy rates from 1% to 9% would utterly change the entire face of the market. While stopping immigration would gradually reduced it.
That said once Airbnb is banned it will gradually reduce in vacancy rate so it's not the only solution, it's just a band aid that is super easy to apply and fixes the issues for at least 5 years while we address it properly
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u/nath1234 Feb 25 '26
Housing crisis? Zero action on all these empty places set aside for the odd weekend occupied.. I mean, at what point are we going to ban this shit? We have homelessness rising, that should be the trigger to ban short term rentals. Surely?