Do holiday rentals affect rental prices?
You bet, but hard to prove.
This report from the New Daily talks discusses anecdotal evidence linking the two. It makes sense. We know returns are better through short-term than long term rentals in popular places. And the market is unregulated and booming in Melbourne. With the rise of Airbnb management services, it’s kind of no-brainer.
Time for councils to wake up and act before it’s too late.
