Melbourne’s rental market most destroyed by Airbnb

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By Leith van Onselen

Australia’s youth are really coping it in the neck when it comes to housing. Not only are many unable to afford a home in the big cities, but now available rental supply is being gobbled-up by Airbnb as well. From Roy Morgan Research:

Australians are increasingly choosing to stay in rented houses or rented serviced apartments when they travel. Some 10.4% of travelers stayed in this type of accommodation on their last trip according to Roy Morgan travel research conducted in the year to March 2018. This is substantially higher than a decade ago when only 7.1% stayed in rented accommodation.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.