State Government to look at short-term rental impact on housing

The Palaszczuk Government is commissioning industry experts to investigate impacts the short-term rental market is having on the state’s housing supply.

Deputy Premier and Minister for Planning Steven Miles said concerns had been raised the number of properties placed on short-term rental sites such as AirBnB and Stayz was worsening the current tight rental market.

“The current rental market is very tight in many areas across Queensland. People are seeing their rent increased or are struggling to find an available rental near their work or kids’ school,” Mr Miles 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’re announcing 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. 

Mr Miles said that while the number of short-term rental properties was relatively small in comparison to the entire housing sector, the Government would look at all avenues that may result in an increase in properties being available for longer term rental.

“We are listening to the community, industry, councils and other stakeholders, who have raised these concerns on both sides,” Mr Miles said.  

“The research will consider a range of regulatory and non-regulatory options, including those being used in other jurisdictions and provide a solid base of information to underpin any framework changes in Queensland.

“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 research into the short-term rental accommodation market would be delivered to Government by the end of 2022.

The Queensland Government’s Housing Summit will be held later this week.

ENDS

Media contact:           Katharine Wright 0422 580 342