Rents through the roof in Sydney’s most popular suburbs as property owners look to Airbnb | Owners Corporation Network

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

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.

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Jimmy Thomson
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