Wednesday, March 2, 2016

Six months on Airbnb - thoughts and reflections



Let's go back to the very beginning.

After three years living in Canberra, I moved back to my beloved Melbourne in 2015, ready to purchase my first apartment (principal place of residence), settle down, and live a fabulous life.

To my dismay, the housing boom in Melbourne had gotten so out of hand that I - a reasonably well-paid Gen Y - was completely unable to afford an apartment in a location close to work, and of a decent size and quality.

What does a gal have to do? Splurge above my budget and struggle under the weight of a mortgage too large for my income? Buy a sub-standard inner city high rise apartment? Or move to the outer suburbs and deal with the hourly commute to work every day?

In the end, I 'splurged', and got creative. I bought my two bedroom apartment in a small art deco block, and put the smaller bedroom up on Airbnb to help pay off the mortgage.

And thus began my journey in home-sharing.