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How Airbnb became an election issue across Australia

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In the midst of a national housing crisis, exacerbated by a surge in Airbnb listings, state and federal leaders are now being drawn in on the role of short-stay accommodation.

“It’s a systemic issue,” Pattie Chugg, CEO of Shelter Tasmania, told the ABC, emphasising the severity of the housing crunch affecting not only low-income earners but also those with moderate incomes.

Tasmania’s upcoming election has become a battleground for housing reform, with radical proposals emerging to address the pressing crisis.

From ‘no deposit’ home loans to subsidies for renters, political parties are scrambling to win over voters by tackling the contentious issue of Airbnb’s impact on the housing market.

Photograph: Pavlo Gonchar/SOPA Images/Rex/Shutterstock

Couch surfing

What began as an adventurous experience of ‘couch surfing’ has devolved into a draining cycle of vulnerability and uncertainty.

Recent data from the Australian Bureau of Statistics paints a grim picture, revealing a staggering 45% increase in homelessness in Tasmania over five years.

With rents skyrocketing, renters are feeling the squeeze, struggling to keep up with escalating costs.

Tasmania’s population boom, coupled with a surge in tourism, has only exacerbated housing shortages and rental market distortions.

Amid the crisis, the controversy surrounding Airbnb has taken center stage in Tasmania’s election campaign.

Election issue

Both major parties, along with the Greens, have unveiled ambitious plans to address the issue, ranging from stricter regulations to outright bans on new Airbnb listings.

However, concerns linger over the efficacy of proposed solutions, with experts cautioning against measures that could further inflate housing prices without addressing underlying supply constraints.

As Tasmania heads to the polls, the Airbnb controversy has become emblematic of broader housing woes, capturing the attention of policymakers nationwide.

In states like Queensland, the Northern Territory, and the Australian Capital Territory, where elections loom on the horizon, housing issues, particularly the impact of short-stay accommodation, are expected to dominate the agenda.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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