This housing stock should be returned to long rental to address the growing demand. The government should introduce policies that incentivize landlords to offer properties for long term lease, reduce barriers to rental availability, and curb the rise of short term letting, which worsens the housing crisis.
Bredius88 on
My suggestion: begin with throwing AirBnB out of the country!
Straight-Jump-6813 on
It’s almost like the government has created a set of policies so overwhelmingly crap for private landlords that it is more appealing for them to rent via short term lets for only 25% of the time.
SubstantialGoat912 on
The question that always arises when these reports get released is “would these units of accommodation be available if the short term rental market was not available” and “are these units of accommodation in the places we need them to be, that is: where the homeless people actually are”. And the answer is never addressed.
pauldavis1234 on
The current market rental market has been done deliberately.
There is absolutely no other way to explain how it has become so dysfunctional.
One of the few lucrative markets absolutely nobody will touch.
NotAnotherOne2024 on
Hardly surprising, that’s the premise of short term letting.
There’s a higher vacancy rate during the off-peak periods and during the week with an uptake at peak times and weekends.
You factor your costings into the model that the on-peak/weekend periods will achieve enough of a return/profit that the vacant periods are mitigated.
The real attraction of short term letting is the convenience and flexibility it offers the owner, they’ve no administrative heavy responsibility, they can utilise their own property when they want, it can be easily managed etc.
stoneagefuturist on
Make long-term rents tax free for a a decade while we increase housing stock
7 Comments
This housing stock should be returned to long rental to address the growing demand. The government should introduce policies that incentivize landlords to offer properties for long term lease, reduce barriers to rental availability, and curb the rise of short term letting, which worsens the housing crisis.
My suggestion: begin with throwing AirBnB out of the country!
It’s almost like the government has created a set of policies so overwhelmingly crap for private landlords that it is more appealing for them to rent via short term lets for only 25% of the time.
The question that always arises when these reports get released is “would these units of accommodation be available if the short term rental market was not available” and “are these units of accommodation in the places we need them to be, that is: where the homeless people actually are”. And the answer is never addressed.
The current market rental market has been done deliberately.
There is absolutely no other way to explain how it has become so dysfunctional.
One of the few lucrative markets absolutely nobody will touch.
Hardly surprising, that’s the premise of short term letting.
There’s a higher vacancy rate during the off-peak periods and during the week with an uptake at peak times and weekends.
You factor your costings into the model that the on-peak/weekend periods will achieve enough of a return/profit that the vacant periods are mitigated.
The real attraction of short term letting is the convenience and flexibility it offers the owner, they’ve no administrative heavy responsibility, they can utilise their own property when they want, it can be easily managed etc.
Make long-term rents tax free for a a decade while we increase housing stock