The Airbnb profit boom appears to be ending, agents said, and landlords who are "fed up" are starting to return to the long-term rental market because short-term rents are more cumbersome and not worth it.
Short-term rent is difficult to manage, too much trouble, profit is not so good, coupled with the market saturation, all of this is not so easy for investors to earn money.
Two years ago, Talia. Bethel (Talia Besser) first set foot in the real estate industry, managing two properties for her father, Airbnb. At first, she thought it was fun, but soon she didn't think it was so much fun.
She said, "in the first two or three months, I found it interesting. But unless you plan to be full-time and you have plenty of time, it's really not worth it. "
The two apartments require almost all-day service, ranging from booking cleaners to making sure the keys are ready at all times. But for a long time, Balaclava's short-term rental business did not attract tourists.
"for a while in the winter, visitors will not come to Melbourne, so the two apartments will be free for a few weeks," she said.
Besser is now a sales agent, but at the time she had a full-time job and spent time managing the short-term rental of the two apartments. Nine months later, she lost her hand and gave it back to her father, for she felt the time and energy she had invested were not worth it.
After a period of management, she said, her father analyzed the figures and concluded that renting out the apartment after all the renovations would be more profitable and less troublesome.
In CBD and inner ring areas, such as Carlton, Fitzroy and South Melbourne, intermediaries have noticed the same trend.
And from the end of 2016 to the beginning of 2017, the number of homes rented on Airbnb increased by 18 percent, according to the latest data from Inside Airbnb. The general sentiment in the industry remains that there are some confident buyers who are still overwhelmed by high rents and quick cash.
Frank from Frank Gordon, Hong Kong? Mr Callahan's (Frank Callaghan) says alternatives that can be used as handhelpers are still popular.
'when Airbnb first came out, people thought they could make so much money every night, but it was unrealistic,'he said.
Harcourts's Melbourne City Director, Dion Wilson (Dionne Wilson), is ahead of schedule, and interest in Airbnb remains. Buyers remain obsessed with Airbnb's path, a return that at first was more than they had expected.
"We sold a lot of houses, and the buyers were used to change to Airbnb leases," she said. "some of our leasing management business was not as good as Airbnb, but a lot of people came back to us."
More Airbnb users tend to pull out of the market during the seasonal downturn, but are not sure if they will come back when the weather gets warmer, Besser said.
"I know my family won't do it again," she said. "but that's not to say that no one else is going this way."
Professor Gulan (Nicole Gurran), a researcher at the University of Sydney, said it was difficult to track the exact trends in the market.
The focus of the study is on the impact on the real estate market, as well as the impact on long-term tenants.
"at the moment, we don't want international tourists to compete with low-income people and workers in the housing market," she said.