Are short-term rental platforms like Airbnb contributing to the worsening of the housing affordability crisis by reducing the availability of long-term rental properties?

This shift towards short-term rentals makes it increasingly difficult for people to find affordable homes, driving up rental prices and increasing housing instability for vulnerable populations.

Join us as Karl Fitzgerald, founder and director of Grounded, brings his extensive research to the table. Karl talks about how Airbnb and similar platforms impact housing markets, particularly in regional areas, and offer insightful solutions based on his findings.

Tune in to explore the intersection of short-term rentals and housing policy, and discover innovative community-driven solutions that could help address the housing crisis while balancing the needs of both tourists and residents.

Episode Highlights:

00:00 - Introduction

01:12 - Who is our guest for today?

06:04 - How Karl responded to the shift in rental proportions

07:50 - Is it possible to measure long-term rentals converted to short-term?

11:08 - Do short-term rental limits create property scarcity unintentionally?

17:37 - How does car-based and/or public transport influence short-term rental markets?

22:19 - How are communities still functioning when core workers can’t find housing?

23:31 - Is the housing shortage phenomenon unique to Australia?

26:44 - Has the report's media attention resulted in any significant change?

28:39 - How does a community land trust work?

35:28 - Are community land trusts already operational in Australia?

44:18 - Karl Fitzgerald’s property dumbo

About Our Guest:

Karl Fitzgerald, founder and Director of Grounded, is an economist with a distinguished background as the former Director of Research at Prosper Australia. Over 18 years, he led research on speculative investment and housing affordability, including directing the Speculative Vacancy reports that contributed to the Victorian Vacancy Tax. Karl also championed Victoria’s Rezoning Windfall Gains Tax to reinvest rezoning profits into community infrastructure. His 2022 report challenged the belief that increasing housing supply alone improves affordability. Karl advocates for Community Land Trusts as a community-led alternative to current housing models, emphasizing equity and justice.

Connect with Karl Fitzgerald:
Website https://grounded.org.au/
Instagram https://www.linkedin.com/in/karl-fitzgerald/

Resources:
Visit our website https://www.theelephantintheroom.com.au
If you have any questions or would like to be featured on our show, contact us at:
The Elephant in the Room Property Podcast - questions@theelephantintheroom.com.au
Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
Work with Veronica: https://www.veronicamorgan.com.au
Looking for a Mortgage Broker? https://www.blusk.au
Work with Chris: hello@blusk.au

Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now!
Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast
Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719
Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765

Are short-term rental platforms like Airbnb contributing to the worsening of the housing affordability crisis by reducing the availability of long-term rental properties?
This shift towards short-term rentals makes it increasingly difficult for people to find affordable homes, driving up rental prices and increasing housing instability for vulnerable populations.
Join us as Karl Fitzgerald, founder and director of Grounded, brings his extensive research to the table. Karl talks about how Airbnb and similar platforms impact housing markets, particularly in regional areas, and offer insightful solutions based on his findings.
Tune in to explore the intersection of short-term rentals and housing policy, and discover innovative community-driven solutions that could help address the housing crisis while balancing the needs of both tourists and residents.
Episode Highlights:
00:00 - Introduction
01:12 - Who is our guest for today?
06:04 - How Karl responded to the shift in rental proportions
07:50 - Is it possible to measure long-term rentals converted to short-term?
11:08 - Do short-term rental limits create property scarcity unintentionally?
17:37 - How does car-based and/or public transport influence short-term rental markets?
22:19 - How are communities still functioning when core workers can’t find housing?
23:31 - Is the housing shortage phenomenon unique to Australia?
26:44 - Has the report's media attention resulted in any significant change?
28:39 - How does a community land trust work?
35:28 - Are community land trusts already operational in Australia?
44:18 - Karl Fitzgerald’s property dumbo
About Our Guest:
Karl Fitzgerald, founder and Director of Grounded, is an economist with a distinguished background as the former Director of Research at Prosper Australia. Over 18 years, he led research on speculative investment and housing affordability, including directing the Speculative Vacancy reports that contributed to the Victorian Vacancy Tax. Karl also championed Victoria’s Rezoning Windfall Gains Tax to reinvest rezoning profits into community infrastructure. His 2022 report challenged the belief that increasing housing supply alone improves affordability. Karl advocates for Community Land Trusts as a community-led alternative to current housing models, emphasizing equity and justice.
Connect with Karl Fitzgerald:
<ul>
<li aria-level="1">Website <a href="https://grounded.org.au/">https://grounded.org.au/</a></li>
<li aria-level="1">Instagram <a href="https://www.linkedin.com/in/karl-fitzgerald/">https://www.linkedin.com/in/karl-fitzgerald/</a></li>
</ul>
Resources:
<ul>
<li aria-level="1">Visit our website <a href="https://www.theelephantintheroom.com.au">https://www.theelephantintheroom.com.au</a></li>
<li aria-level="1">If you have any questions or would like to be featured on our show, contact us at:</li>
<ul>
<li aria-level="2">The Elephant in the Room Property Podcast - <a href="mailto:questions@theelephantintheroom.com.au">questions@theelephantintheroom.com.au</a></li>
</ul>
<li aria-level="1">Looking for a Sydney Buyers Agent? <a href="http://www.gooddeeds.com.au/">https://www.gooddeeds.com.au</a></li>
<li aria-level="1">Work with Veronica: <a href="http://www.veronicamorgan.com.au">https://www.veronicamorgan.com.au</a></li>
<li aria-level="1">Looking for a Mortgage Broker? <a href="http://www.blusk.au">https://www.blusk.au</a></li>
<li aria-level="1">Work with Chris: <a href="mailto:hello@blusk.au">hello@blusk.au</a></li>
</ul>
Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now!
<ul>
<li aria-level="1">Subscribe on YouTube: <a href="https://www.youtube.com/@theelephantintheroom-podcast">https://www.youtube.com/@theelephantintheroom-podcast</a></li>
<li aria-level="1">Subscribe on Apple Podcasts: <a href="https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719">https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719</a></li>
<li aria-level="1">Subscribe on Spotify: <a href="https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765">https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765</a></li>
</ul>

Who's really in control when you buy a property?

The Elephant In The Room is where the things that no one wants to talk about, actually get talked about.  

Veronica Morgan, real estate agent, buyers agent and co-host of Foxtel’s Location Location Location Australia & Chris Bates, financial planner, mortgage broker and wealth coach have joined forces to find out what’s really going on in the world of real estate.

Veronica and Chris talk to property owners and buyers every day in their respective lines of business. They’ve observed a wide spectrum of confidence in people’s decision making ability when buying and selling property, often to the detriment of the individuals concerned. They are both fascinated by consumer behaviour and together they’re going to uncover who’s really making the decisions when you buy a property.

In each episode they get into the psyche of buyers, agents, auctioneers and other industry experts to learn the truth about how buyers are influenced and why they do the things they do. In every episode you’ll learn from the mistakes of a “property dumbo” as well as Chris & Veronica’s “elephant rider bootcamp” training session.

The plan? This property podcast has been created to help us all make better property decisions!

We talk about the things no one wants to talk about in the Property Market

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