We ran a BnB in suburban Melbourne for many years. It was a great little business that utilised a separate building on our property that we weren't really using at the time. After we had been running a few years I did the sums. What we received for the short stays with our occupancy rate about equaled the rent we could have achieved from a long term rental. For us, we preferred not to have a permanent tenant intruding, especially when we went on holidays. All the BnB's we've stayed out in Aus and overseas have been in similar locations. They work a treat. I doubt they actually impact the long term rental market much if at all.
