Property owners who list their homes for short-term accommodation in Brisbane have been warned: return your home to the long-term rental market or face a 50 per cent rates hike.
Lord Mayor says council does not have exact data on how many short-term accommodation properties operate in Brisbane
Mr Schrinner admitted the council does not have exact data on how many short-term accommodation properties operate in Brisbane, but said it was clear "thousands" of homes had been removed from the long-term rental market while Brisbane is in a housing crisis.Short-term accommodation data analysis company AirDNA estimated about 3,600 homes were currently listed on sites like Airbnb across the greater Brisbane area, including Ipswich and parts of Moreton Bay and Logan.
"If owners had these properties in the market for short-term, overnight stays – that is their choice, but what they'll be facing now is a 50 per cent increase in their rates. The rates hike will not impact owners that only lease out a single room, granny flat or shared accommodation, but will directly target owners of entire properties listed for overnight stays.The average annual rates bill for a non-owner occupied residential property in Brisbane for 2021-22 is $1,039, meaning owners who choose to pay the rates hike would be slugged an average of $1,558.5.
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