Holiday-makers on Queensland's Gold Coast could feel the pinch of a local government rate rise targeting short-term accommodation owners.
In short: Holidays on the Gold Coast will likely become more expensive, with a "three-fold" rate hike for short-term accommodation.
City of Gold Coast handed down the rate rise as part of it's budget on Friday.
What's next? The Real Estate Institute of Queensland says it is unlikely to ease pressure on the city's housing market.
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