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Driven by platforms such as Airbnb and Stayz, the short-term rental market in Australia has doubled in value over the past two years to $1bn and supports over 40,000 full-time jobs, according to a new report from MadeComfy, a short-term property management specialist.
Half a billion dollars buys a lot of real estate – however, it's just the latest milestone for Michael Beresford and the team at OpenCorp, who have successfully negotiated almost $500m worth of property sales for their clients.
While housing affordability continues to decline across Australia, rental affordability improved in New South Wales and Queensland during the December quarter, according to the latest research from the Real Estate Institute of Australia (REIA) and Adelaide Bank.
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