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

Homeowners are increasingly turning to Airbnb to make extra money. Josh Robenstone

Homeowners are increasingly turning to Airbnb to make extra money. Josh Robenstone

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.