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Is Airbnb contributing to the rental crisis?

Michael McLaren

Ashleigh Goodchild, Director & Property Management expert at SOCO Realty, who says that some pandemic measures like the rental moratorium, has also made landlords more cautious, and greater incentives were needed to encourage long-term leasing.

Nationally, rental vacancies are at an 11 year low, and at the same time, Airbnb saw new hosts increase by 30% between April and the end of June this year.

There’s no doubt that some landlords are switching over to the short-term letting market, especially in tourist regions but it’s not always about money.

Many switch so that they have more flexibility to manage a volatile real estate market. Short-term letting options allow investors time to weigh up whether to sell or rent their property out long term.

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Michael McLaren
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