House prob­lem, a good prob­lem

Alpine Observer - - News - BY TATE SPI­TERI

BRIGHT and Dis­trict Cham­ber of Com­merce pres­i­dent Ru­pert Shaw be­lieves sur­round­ing towns are the big win­ner of Bright’s per­haps over­whelm­ing pop­u­lar­ity.

Mr Shaw’s com­ments come fol­low­ing find­ings from RiskWise Prop­erty Re­search that Airbnb and other pri­vate rental schemes were putting “un­nec­es­sary pres­sure” on the rental mar­ket.

The re­port said that short term rentals at pop­u­lar hol­i­day des­ti­na­tions such as Bright, were forc­ing long-term ten­ants out of the mar­ket and in­creas­ing prop­erty prices, a fact that was not ar­gued by Mr Shaw

How­ever, in­stead of back­ing any calls for res­i­den­tial only ar­eas, he casted an eye at the big­ger pic­ture.

“It can be a short term is­sue but it’s a very pos­i­tive thing that the whole re­gion is so pop­u­lar and peo­ple are be­ing at­tracted to town,” he said.

“It’s a big ben­e­fit for those smaller towns, Pore­punkah es­pe­cially which is grow­ing and even Myrtle­ford, peo­ple are mov­ing where there is more space and the house price is a lit­tle bit more af­ford­able.

“Peo­ple also look in Har­ri­etville and the clas­sic one is Mt Beauty which is a beau­ti­ful place to live and not that far from Bright.”

Mr Shaw said that work­ers were still find­ing their way to Bright, even if there was a need to travel.

“It’s not a neg­a­tive thing that Bright is be­com­ing very pop­u­lar, the rea­son it’s pop­u­lar is be­cause peo­ple in Bright are ob­vi­ously do­ing a great job to at­tract more and more peo­ple,” he said.

“These peo­ple are com­ing to the town and they are sup­port­ing the bars, the winer­ies, the cafés, the brew­eries and the shops, we don’t want less money spent in town, we want more and more peo­ple and don’t want to re­strict ways peo­ple can visit town.”

Mr Shaw fore­casted that Bright would soon even­tu­ally level out with the de­mand.

“We are just go­ing through this lit­tle pinch where there are lots of peo­ple that want to live in town and the sup­ply just takes a lit­tle bit of time to catch up,” he said.

“The mar­ket will sort it­self out, there’s a huge de­mand for smaller, town-house style homes and that is what the builders will build.”

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.