October 18, 2022
The State Government is investigating the impact the short-term rental market is having on the State’s housing supply.
The follows by moves by some councils to try to limit the number of properties on rental sites such as AirBnB and Stayz.
In March, Hobart Council passed a motion to limit the number of short-term rental properties to stop any new permits for whole-house short-stay development in residential areas.
And in June, Brisbane City Council warned property owners who listed their homes on short-stay website they faced a 50 per cent increase in rates.
Deputy Premier Steven Miles said on Tuesday the rental market in Queensland was very tight in many areas.
“People are seeing their rent increased or are struggling to find an available rental near their work or kids’ school,” he said.
“We don’t have a clear picture of the impact short-term rental properties are having on the rental market.
“That’s why we will commission a body of research to understand the impact properties placed on short-term rental sites such as AirBnB and Stayz has on the market.
“This work will provide some detailed analysis into the positive and negative impacts of short-term rental accommodation on housing affordability and availability, the tourism industry, property owners and Queensland’s cities and regional communities.
“It will also identify if the impact is the same across Queensland or if the experience varies across different regions.
“There are many factors here, including Queensland being the nation’s tourism capital and having suitable accommodation for international, interstate and intrastate visitors is vital for businesses and communities.”
Mr Miles said it was hoped the results of the research would be delivered to the government by the end of the year.
