Sydney inner city residents oppose Airbnb letting as 'full-time investment'

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More than 40 per cent of Sydney inner-city residents oppose short term rentals on Airbnb or Stayz as a full-time investment and believe strata should be able to ban short term rentals, a City of Sydney survey found, raising questions about the future of Airbnb rentals as an investment vehicle.

A survey of 1000 residents commissioned by the City of Sydney Council shows the majority of residents supported short-term letting on home sharing platforms such as Airbnb and Stayz if the host was living in the property or if the host was away on holidays.