The coronavirus’ squeeze on short-term rentals, like Airbnbs, looks set to deliver tenants a major win.
The number of new listings has surged in recent weeks, according to Domain figures supplied to Business Insider Australia, as options for renters swell.
While realestate.com.au declined to share its figures, the overall picture from Domain is pretty staggering. Nearly 40,000 new homes have been listed nationally in the last two weeks, almost 8,000 or 20% more than this time last year.
In Tasmania, Australia’s smallest state and one of it’s most tourism-reliant, there’s been an astounding 58% surge. Meanwhile, the country’s three big eastern states, Victoria, New South Wales and Queensland, have collectively seen more than 30,000 new rentals emerge, a 25%, 21%, and 18% jump on last year respectively.