The State Government has found that Airbnb and other accommodation sites were not liable for the rental affordability issues impacting the market and restricting their activities would have little impact.
However, a short-term accommodation register was now being examined. It would allow local government to monitor activity in the market and could provide information on local dynamics.
The Government engaged the University of Queensland to review the market and found that there were almost 20,000 short-term rentals in Queensland and about 11,000 were being used on a permanent basis. About two thirds were in the south east.
It found that while there was an impact from short-term rentals, that impact was limited.
The Government said the UQ review found there was a limited impact on rental affordability and the real problem was dwelling stocks.
However, Noosa Council has found that a crackdown on short-term accommodation had yielded some results with about 60 dwellings shifting from the short-term market to long term.
Deputy Premier and Planning Minister Steven Miles said state-wide restrictions were unlikely to work.
“The review found there was no alignment between the suburbs with the highest rent increases and the percentage of dwellings devoted to short-term rental,’’ Miles said.
“Instead, dwelling stocks emerged as the significant contributor to explaining rental increases.’’
The highest number of dwellings used for short-term rental were in tourism areas.
Original article at https://inqld.com.au/business/2023/08/03/crackdown-works-in-noosa-but-government-says-airbnb-not-to-blame-for-rent-issues/
Editor's Note:
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And unsurprisingly the Real Estate Institute of Qld agrees (nothing to do with wanting to sell more homes to investors of course!) https://www.mpamag.com/au/news/general/short-term-rental-report-entirely-unsurprising-reiq/455259
From Julia Craddock:
I always love it when a “news” item tells you how your life is, and you have no idea. This “news” article is a load of rubbish. Crackdown in Noosa has worked? Uh, huh. And that would be how? Anyone noticed a “crackdown”? How would we identify the difference between a crack-down and a failure to implement the local law with no compliance? Don’t you just love the spin? The 60 properties spuriously attributed to conversion to long term rental in response to Mayor Stewart’s plea are now attributed to a crackdown. Well done Noosa award winning comms team. By the way - why are there more comms staff than STA compliance staff and does this fact…