Real Estate Institute of Queensland chief executive Antonia Mercorella said the peak body had "long supported" incentives to encourage property owners to put their properties back onto the long-term rental market. However, residential rates will rise an average 4.93 per cent, increasing those fees again. 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. She said short-term rentals "generally comprise a tiny proportion of the overall Australian property market". "Differential rates will place further financial pressure on everyday Queenslanders who share their homes to help make ends meet." "As Queenslanders face sharply rising costs of living and economic uncertainty, now is not the time for making sudden policy changes, without consultation, that will put significant strain on households across Brisbane," she said. The council's measure will only apply to properties rented out on the short-term market for more than 60 days a year.Īirbnb country manager for Australia and New Zealand Susan Wheeldon said the council's move would hurt people who use short-stay accommodation, including people who travel to Brisbane for care and family support.
Airbnb properties in Brisbane are mainly located close to the CBD.
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