Sydney councils lack power over Airbnb rentals draining homes
Sydney has just 2.1 per cent of rental homes available as over 10,500 Airbnbs take them from the long-term market.
Why it mattersRental prices stay high and homes stay out of reach when investment properties turn to tourist accommodation instead of housing.
AustraliaAustralians searching for long-term rentals in Sydney face tighter supply as short-term platforms absorb properties, while a proposed levy could fund housing support services.
✓ Claims checked against the source and corrected before publish. checked 2 h ago
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