Connect with us


Can regulating Air BNB help alleviate the rental crisis?



The emergence of short-term holiday rental platforms such as Airbnb and Stayz has revolutionised travel, offering an array of accommodation options to globetrotters.

However, these platforms have also been blamed for inflating rental prices and aggravating housing shortages in major cities around the world.

In response to these concerns, various regions have initiated regulatory measures aimed at encouraging property owners to transition their listings from short-term rentals to long-term housing for residents rather than catering primarily to tourists. However, the approaches to regulation vary considerably, ranging from outright bans in some cities to the imposition of fees and taxes in others.

Nicola Powell, chief of economics and economics at Real Estate company Domain, recognised that short stay rentals do contribute to housing affordability, but cautioned against regulation that discourages investment.

“When we look at investment properties across Australia, most are owned by Mum and Dad investors,” she said, “we need to boost rental supply overall and we need to have a diverse array of short term leasing.”

The impact

To begin addressing this issue, it’s essential to assess whether providers like Airbnb and Stayz genuinely influence the housing market and, if so, to what extent. Nicole Gurran, a professor specialising in urban and regional planning at Sydney University, has spent nearly a decade researching this sector and asserts that a well-established link exists between short-term rentals and housing dynamics.

Research indicates that when short-term rentals are converted back to the long-term rental supply, rents in the area tend to decrease.

However, short-term rental companies argue that they have become easy targets and are often blamed for more complex long-term housing issues.

Regulatory approaches

Around the world, various cities have adopted diverse regulations to address concerns related to short-term accommodation. Tensions tend to be most pronounced in regions heavily frequented by tourists and residents. While some cities have imposed outright bans on short-stay rentals, others have introduced measures such as limiting the number of nights a property can be used for short-term rentals each year.

For instance, New South Wales has implemented regulations that include a 180-day limit for short-term rentals in Sydney and designated regional areas. These regulations also entail a code of conduct for hosts and guests, an annual fee, and mandatory property registration.

Another prevalent measure, seen in cities like Amsterdam and Toronto, is a “tourist tax” levied on guests or hosts, or as a flat fee for all tourists visiting a city.

While Airbnb expresses support for a nightly fee paid by guests, known as a “bed tax,” Stayz is firmly opposed, characterizing it as arbitrary and arguing against targeting short-term accommodation platforms as a means to address economic challenges.

Both Airbnb and Stayz favor a state government-held registry that provides data on the number and locations of short-term properties to inform public policy decisions. They believe this centralized approach would ensure consistency in regulations across different local councils.

Continue Reading


Diversifying and enhancing payment methods



American Express reveals Australian homeowner bill payment insights

In response to the growing trend of card and tap-and-go payments, organisations are adapting their systems to accommodate diverse payment options.

American Express recently conducted research shedding light on homeowner sentiments towards local councils, with a focus on Australian attitudes and behaviours related to bill payments.

Vice President and General Manager of Global merchant services at American Express, Robert Tedesco, provides his insights.

Continue Reading


Explosive growth and dominance of the audio industry



Global radio market hits staggering $143 billion valuation, cementing audio industry’s dominance

The audio industry continues to assert itself as a formidable force, with the 2023 global radio market reaching a substantial value of $143 billion.

The podcast market has surged to an impressive worth of $18.52 billion, showcasing a compound annual growth rate of 27.6%.

Tony Simmons, CEO and founder of Sonnant, discusses how the audio industry can be made even better.

Presented by VentureCrowd – To find out more about Conscious Investing, head to

Continue Reading


Nick Kyrgios shocks fans with surprise OnlyFans announcement



Tennis sensation Nick Kyrgios sent shockwaves through the sports and entertainment world today as he revealed a surprising career move.

The Australian athlete, known for his fiery on-court antics and charismatic personality, has announced his entry into the world of OnlyFans, a platform typically associated with adult content creators.

In an unexpected turn of events, Kyrgios took to social media to share the news with his followers. He stated, “I’ve always enjoyed pushing boundaries and breaking the mold. I’m excited to announce that I’ll be joining OnlyFans to share exclusive content and connect with my fans in a new way.”

The announcement has left fans and pundits alike wondering what kind of content Kyrgios will be sharing on the platform.

The decision has sparked a debate about the intersection of sports and social media, as well as the evolving landscape of content creation.

Some fans are eagerly anticipating behind-the-scenes glimpses of Kyrgios’s life, while others are questioning the potential impact on his professional tennis career.

Continue Reading
Live Watch Ticker News Live

Trending Now

Copyright © 2023 The Ticker Company