Which city is Australia’s Airbnb hub?

New research from Roy Morgan indicates Australians are increasingly choosing to stay in rented houses or apartments when they travel.

The research shows 10.4 per cent of travellers stayed in home sharing accommodation on their last trip, up substantially compared to last decade, when only 7.1 per cent chose this type of accommodation.

According to Roy Morgan, Melbourne is Australia’s favoured destination with Airbnb travellers, with 11.6 per cent of people visiting Victoria’s capital city on their last trip staying in either rented houses or rented serviced apartments on that trip, up 3 per cent on a decade ago.

In comparison, only 8.5 per cent of people who visited New South Wales capital Sydney on their last trip stayed in either rented houses or rented serviced apartments on that trip, up 1.3 per cent on ten years ago.

Queensland capital city Brisbane has also seen strong growth in this type of accommodation being utilised with 11.4 per cent of people who visited Brisbane on their last trip stayed in either rented houses or rented serviced apartments on that trip compared to 7.2 per cent in 2008.

In post-mining boom Perth the trend is reversed now only 4.2 per cent of people who visited the WA capital on their last trip stayed in rented houses or rented serviced apartments on that trip, less than half the levels of a decade ago when the mining boom was in full swing.

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Although, this might prove to be a hollow victory for Melbourne.

Gary Morgan, Executive Chairman Roy Morgan and candidate for Melbourne Lord Mayor says the increasing prevalence of short-term Airbnb type accommodation proliferating is a huge problem for Australia’s capital cities.

“Unfortunately, there is a price to pay for this cut-rate accommodation and it is being paid for by apartment buyers and developers who are suffering from a reduction in apartment values caused by short-term travellers,” Morgan said.

“Melbourne has seen a huge surge in apartments being used for Airbnb short-term accommodation over the last decade and this has cut the value of apartments.”

“These apartments weren’t originally bought or sold on the understanding they would be used as a revolving door by travellers from both Australia and overseas.”

“It is vital that the Lord Mayor of Melbourne pushes for legislative action from the State Government to ensure that people renting such apartments stay for a minimum of one month which forces the traveller to invest in the maintenance of the apartment and surrounding amenities.”

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Email the Travel Weekly team at traveldesk@travelweekly.com.au

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