July 25, 2017

Is Airbnb causing the housing affordability crisis?

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How the popular house sharing site is driving up rental prices for locals

Concerns have been raised popular house sharing site Airbnb is forcing people out of rental properties and adversely impacting housing affordability.

Residents living in tourist hot spots and university professors studying the rise of sites like of Airbnb have warned they can have a significant effect on the local property market, the ABC reported.

‘We’re having a housing affordability crisis in Australia, and Airbnb and these sort of shared economy technologies can have an adverse impact on our housing affordability, specifically with the rental market,’ Professor Chris Pettit from the University of New South Wales told the network. Concerns have been raised about the impact popular house sharing site Airbnb is having on the Australian property market, particularly rentals (stock image) A university professor said sites like Airbnb can  […]

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The News for the Gig Economy Staff is constantly searching the web for the latest news regarding freelancing and gig platforms to bring them to you in one handy place. All articles with this generic author have been sourced with the original location at the bottom of the piece. We encourage our readers to view the original source of all excerpts. NGE is a project of ARC Online, LLC.

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