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Mick Tsikas/AAP

What did COVID do to rental markets? Rents fell as owners switched from Airbnb

Analysis of online listings on common online platforms shows even modest reductions in Airbnb listings increased supply of longer-term rentals. The result was lower local rents.
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‘No one would even know if I had died in my room’: coronavirus leaves international students in dire straits

Of the students with jobs, 60% lost them and and two-thirds of the rest had hours cut. As they struggled, and often failed, to get rents and tuition fees reduced, precarious lives became even harder.
Even when sharing a house, the average cost of rent means very little is left over from the Newstart allowance for food and living costs. shutterstock.com

City share-house rents eat up most of Newstart, leaving less than $100 a week to live on

Once rent is paid, having to live on only $14 a day doesn't cover the costs of job seeking. The evidence of the need to increase Newstart and Rent Allowance is overwhelming.
Recent reports suggest Airbnb is having an impact on housing markets in cities popular with tourists. (Shutterstock)

Airbnb’s adverse impact on urban housing markets

It's now clear that a single American company, Airbnb, has upended local housing markets, pushed rental prices skyward and could be contributing to poverty, especially in cities popular with tourists.

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