The impact of STRs is part of a broader issue of housing affordability in Australia, but experts say there are more potent issues at play. "And we have to face the fact that without regulating the growth of short-term rental properties, particularly in capital cities where we didn’t really have a tradition of holiday homes, continue to have an impact." The bigger problem "We know that anything we do to take away supply out of a rental market will exacerbate the pressures that people face when they're trying to rent something in the market," Professor Gurran said. University of Sydney urban planner and policy analyst Nicole Gurran. In Queensland, the Palaszczuk government is reviewing the impact of Airbnb-style rentals. Other councils and state governments across Australia are also moving towards greater regulation. It said it already had a 180-day cap that helped "reduce the financial incentive for landlords" and balanced the "positive economic impacts" of holiday homes with the need to "support local housing markets".
In Byron Bay, the issue of STRs replacing long-term rentals led the local council to attempt to restrict the length of time they can be rented out to 90 days.īut the move, which was designed to act as a disincentive to prospective investors and landlords, was last month blocked by the NSW government. "But I think if you look at the overall numbers, blaming these digital rental platforms as a major cause of Australia's rental and affordability crisis, particularly after COVID-19, is a bit of a distraction from the real issues at play." A 'challenging and complicated' issue "And in Byron Bay, which is the poster child for this issue, it's higher than that, and in those areas, short-term rentals do have a major impact on supply. "In specific holiday areas such as Byron Bay, the Gold Coast or the Sunshine Coast, for example, it gets much, much higher, up to 15 per cent," he said. Dr Sigler argues short-term rentals such as Airbnb can be a distraction from the "real issues" behind the rental crisis.
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