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 […]