There is little evidence short-stay accommodation providers such as Airbnb are to blame for Queensland's worsening rental affordability, according to a University of Queensland report.
The report found significant evidence that a rising rental shortage combined with more people moving to Queensland were the primary causes of market disruption.
The ABC asked whether the report invalidated the council’s reasons for increasing rates on short-stay providers.
Short-Stay Accommodation Taskforce chair and city councillor Fiona Cunningham said the council was committed to balancing the rights of long and short-term renters.
“The Short-Stay Accommodation Taskforce will engage with all stakeholders and ensure Brisbane strikes the right balance between having short-stay accommodation available in the right areas during major events and limiting the impacts on residents.”
Real Estate Institute of Queensland chief executive Antonia Mercorella, a longstanding critic of the council’s “stick approach”, said the report’s findings were validating.
While the report found scarce evidence that short-stay accommodation caused rent hikes, it warned it could push rents up in “a limited number of hot spot locations” if the number of short-stays increased.
The original article contains 355 words, the summary contains 151 words. Saved 57%. I’m a bot and I’m open source!
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The report found significant evidence that a rising rental shortage combined with more people moving to Queensland were the primary causes of market disruption.
The ABC asked whether the report invalidated the council’s reasons for increasing rates on short-stay providers.
Short-Stay Accommodation Taskforce chair and city councillor Fiona Cunningham said the council was committed to balancing the rights of long and short-term renters.
“The Short-Stay Accommodation Taskforce will engage with all stakeholders and ensure Brisbane strikes the right balance between having short-stay accommodation available in the right areas during major events and limiting the impacts on residents.”
Real Estate Institute of Queensland chief executive Antonia Mercorella, a longstanding critic of the council’s “stick approach”, said the report’s findings were validating.
While the report found scarce evidence that short-stay accommodation caused rent hikes, it warned it could push rents up in “a limited number of hot spot locations” if the number of short-stays increased.
The original article contains 355 words, the summary contains 151 words. Saved 57%. I’m a bot and I’m open source!