House problem, a good problem
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.”