Melbourne apartment buyers chase a piece of Airbnb’s $95 million market | Owners Corporation Network

Melbourne apartment buyers chase a piece of Airbnb’s $95 million market

Inner city apartment investors are cashing in on Melbourne’s $95 million Airbnb obsession and shunning the private rental market, with the accommodation website poised to reach a new peak this summer.    The first report quantifying the value of Melbourne’s Airbnb market has shown just how large a chunk the website has taken out of the traditional hotel market’s bottom line: everyday homeowners and renters pocket up to $500,000 a night across the city on peak summer evenings.
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