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New modelling from the Reserve Bank shows Airbnb is having a definite effect on rental prices despite the company’s assertions its business model doesn’t affect Australia’s housing market. University of Sydney professor Peter Phibbs said the “sharp link” between rents and vacancies rates – highlighted by Monday’s RBA report – demonstrated that home-share services like Airbnb are influencing the housing market. “Airbnb spends a lot of time saying they have no impact on markets. What this paper shows is that they do,” he said.