Short-term rental accommodation review

The Queensland Government has released a report ( 5.1 MB) that delivers on its commitment to investigate the impact of short-term rental accommodation (STRA) on housing affordability and availability across the state.

The report includes a key recommendation to implement a centralised registration system and a code of conduct to support local governments to monitor short-term rental activity and provide valuable insight into the long term housing market.

It was also reported that statewide restrictions would fail to account for the diverse nature of STRA dynamics across Queensland.

The review was announced by the government in response to concerns about the number of properties placed on short-term rental sites and its effect on an already stressed rental housing market.

The review was undertaken by the University of Queensland which prepared a final report which found that short-term rentals have a limited impact on rental affordability. Instead, it found dwelling stocks were a significant contributor to explaining rental price increases.