Domain – Rents through the roof in Sydney’s most popular suburbs as property owners look to Airbnb

December 4, 2016
Rents in some of Sydney’s hottest Airbnb hotspots are soaring by up to five times as much as city averages, an analysis of housing costs reveals. And ordinary tenants are being driven out of some of the city’s former renter-friendly suburbs as landlords switch from residential rentals to holiday lets, according to real estate professionals, backed by a Sydney University report. “Rents are a lot higher now in Darlinghurst and vacancies are lower and a lot of that is to do with Airbnb,” says Dominic D’Ettore, principal of D’Ettore Real Estate…
Source: http://www.domain.com.au/news/rents-through-to-roof-in-sydneys-most-popular-suburbs-as-property-owners-look-to-airbnb-20161203-gt1e53/