The most expensive time of the year? Travellers in disbelief over sky-high holiday rent rates—'It’s ridiculous!'
- Replies 1
The holiday season is a time of joy, celebration, and for some savvy Australians, a time to make a little extra cash.
As the festive season approaches, many Aussies are finding innovative ways to fund their Christmas holidays.
One such method that's gaining popularity is renting out homes at premium rates to travellers looking for accommodation.
The cost of accommodation in Australia, particularly in major cities like Sydney, has always been a subject of debate.
However, the holiday season seems to have brought out a whole new level of pricing creativity.
According to travel website Escape, some Sydney residents are reportedly renting out their apartments for as much as $15,000 over the Christmas period.
Tenants are also being criticised for hiking prices.
Quentin, a French expat living in Bondi since September 2022, shared his observations and expressed his astonishment at the skyrocketing prices, stating, 'I find it kind of outrageous.'
He acknowledged that while it's normal to rent out your room while you're away, the current prices being advertised are 'just ridiculous.'
'It's getting worse, 100 per cent,' Quentin claimed.
The trend isn't limited to shared houses. Prices are soaring across the board, from hostels to hotels and Airbnb.
For instance, a bed in a shared dormitory in a Bondi hostel costs $1,425 for 13 nights (or $2,850 for two people) from December 23rd to January 5th.
Meanwhile, a stay at the Meriton Suites Bondi Junction for the same dates costs $2,595 (or $5,190 for two people).
Airbnb prices in Bondi for the same period range from $5,565 to $6,771 for a two-person stay. More expensive options are priced up to $15,000.
Quentin shared his disbelief at seeing a one-bedroom apartment in Bondi Junction (far from the beach) being offered for $4,000 for two weeks.
He took to a local social media group to express his surprise, asking, 'Is it me or is the market out of its mind?'
Many commenters agreed, expressing their own shock at the exorbitant prices.
‘It’s absolutely f****d,’ one response read.
‘It’s crazy, $650 a week to stay in an 8-bed backpacker’s dorm in Bondi,’ a second shared.
One frustrated user pointed out: ‘Just look at the insane prices people in this group are asking people to camp in their basic bedrooms, amongst their belongings and clutter, while they go off on holiday.’
Similar trends are happening in other areas. Across Facebook, numerous Australians are trying their luck at subletting their rooms in shared houses over the Christmas break.
One such offer advertised a one-bedroom apartment in Coogee for $1,300 for 13 nights over Christmas.
While another offered a room in a shared house for $600 a week 'plus bills.'
Members, what are your thoughts on this holiday rental trend? Have you ever rented out your home or stayed in a rented home during the holidays? Share your experiences with us in the comments below!
As the festive season approaches, many Aussies are finding innovative ways to fund their Christmas holidays.
One such method that's gaining popularity is renting out homes at premium rates to travellers looking for accommodation.
The cost of accommodation in Australia, particularly in major cities like Sydney, has always been a subject of debate.
However, the holiday season seems to have brought out a whole new level of pricing creativity.
Some Aussies make extra cash during the holidays by renting out their properties while they go on holiday. Image source: Freepik.
According to travel website Escape, some Sydney residents are reportedly renting out their apartments for as much as $15,000 over the Christmas period.
Tenants are also being criticised for hiking prices.
Quentin, a French expat living in Bondi since September 2022, shared his observations and expressed his astonishment at the skyrocketing prices, stating, 'I find it kind of outrageous.'
He acknowledged that while it's normal to rent out your room while you're away, the current prices being advertised are 'just ridiculous.'
'It's getting worse, 100 per cent,' Quentin claimed.
The trend isn't limited to shared houses. Prices are soaring across the board, from hostels to hotels and Airbnb.
For instance, a bed in a shared dormitory in a Bondi hostel costs $1,425 for 13 nights (or $2,850 for two people) from December 23rd to January 5th.
Meanwhile, a stay at the Meriton Suites Bondi Junction for the same dates costs $2,595 (or $5,190 for two people).
Airbnb prices in Bondi for the same period range from $5,565 to $6,771 for a two-person stay. More expensive options are priced up to $15,000.
Quentin shared his disbelief at seeing a one-bedroom apartment in Bondi Junction (far from the beach) being offered for $4,000 for two weeks.
He took to a local social media group to express his surprise, asking, 'Is it me or is the market out of its mind?'
Many commenters agreed, expressing their own shock at the exorbitant prices.
‘It’s absolutely f****d,’ one response read.
‘It’s crazy, $650 a week to stay in an 8-bed backpacker’s dorm in Bondi,’ a second shared.
One frustrated user pointed out: ‘Just look at the insane prices people in this group are asking people to camp in their basic bedrooms, amongst their belongings and clutter, while they go off on holiday.’
Similar trends are happening in other areas. Across Facebook, numerous Australians are trying their luck at subletting their rooms in shared houses over the Christmas break.
One such offer advertised a one-bedroom apartment in Coogee for $1,300 for 13 nights over Christmas.
While another offered a room in a shared house for $600 a week 'plus bills.'
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