Airbnb vs. Rental Market

While on away on holiday have you ever used Airbnb to get yourself a nice cheap apartment in a city like Barcelona or London? Well you may be surprised to know that Airbnb is starting to affect the Sydney housing market for the same reasons you look for a cheap room while on holidays. Earlier Monica Samayoa spoke with Professor of Urban Science UNSW, Associate Director City Futures and Director of Smart Cities, Â Chris Pettit, on the recent data the Urban Housing Lab at the University of Sydney found on how Airbnb is drying up the supply of rental homes in Sydney.