{"id":25476,"date":"2020-05-28T10:14:16","date_gmt":"2020-05-27T22:14:16","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=25476"},"modified":"2020-05-28T10:14:16","modified_gmt":"2020-05-27T22:14:16","slug":"its-finished-coronavirus-disrupts-airbnb-and-smashes-australian-listings","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/its-finished-coronavirus-disrupts-airbnb-and-smashes-australian-listings\/","title":{"rendered":"‘It’s finished’: Coronavirus disrupts Airbnb and smashes Australian listings"},"content":{"rendered":"

PHOTO: Airbnb<\/strong><\/p>\n

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Airbnb<\/a> bookings have been decimated in popular Australian locations, threatening to send overleveraged investors who made a lucrative living from the platform into financial peril.<\/div>\n
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The seismic shock that hit\u00a0Airbnb\u00a0will reverberate through the wider\u00a0Australian property market, some market experts predict, spelling good news for residential renters who have been pushed out from areas like Bondi, Byron Bay and inner-city pockets in Sydney and Melbourne.<\/div>\n<\/div>\n
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\"Spring<\/a><\/div>\n
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Spring housing boom predicted<\/a><\/h2>\n<\/header>\n<\/div>\n<\/div>\n
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The flipside is Airbnb super landlords and mum and dad investors who now find themselves over exposed and facing savage cuts to their expected rental income.<\/div>\n<\/div>\n
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Data showing the drop in Airbnb bookings and revenue in Australia, after coronavirus shut down international travel and social isolation measures were introduced in Australia.\u00a0(9News)<\/strong><\/em><\/figcaption><\/figure>\n
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New data obtained by\u00a0nine.com.au<\/em>\u00a0has revealed Australian landlords have been hit by precipitous drops in bookings and revenues of more than 70 per cent in Sydney and Melbourne during April, when domestic and international tourism stopped.<\/div>\n<\/div>\n
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Brisbane and the Gold Coast have also been badly affected.<\/div>\n<\/div>\n
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READ MORE VIA 9NEWS<\/a><\/div>\n
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