Jordan Pham: Airbnb host makes $217,000 a month subletting properties in Sydney, says rental crisis due to other factors

Australians are quitting their day jobs to become full-time Airbnb landlords without owning a single property, in a subletting scheme critics say is putting strain on an already dire Sydney rental market.

As Sydney grapples with a housing crisis – where the median asking rent on a unit is a record $750 a week and the vacancy rate is just 0.9 per cent – an emerging short-term rental arbitrage business is booming, fuelled by TikTok hustle culture.

TikTok is full of creators showing off their profits from Airbnb hosting without owning any property. Credit: @jorpham, @strjesse and @amareayman_

Jordan Pham claims to make $217,000 a month as an Airbnb host with 40 properties, all owned by other people. He “mentors” others on how to do the same, including in Sydney, where it’s possible t