How short-term rentals are making Sydney's housing crisis worse

The removal of the equivalent of nine World Towers' worth of properties pushes up house prices, land prices and rental prices. Photo: Fiona-Lee Quimby

The removal of the equivalent of nine World Towers' worth of properties pushes up house prices, land prices and rental prices. Photo: Fiona-Lee Quimby

Our vertical villages of tomorrow demand we get the settings right today. Sydney is increasingly a high-rise city, but in the face of modern challenges the laws governing these vertical villages are in desperate need of an update.

With population projections showing NSW will be home to to 9.9 million people by 2036, and 70 per cent of newly approved dwellings estimated to be apartments, we are continuing to grow up at rapid rates.