VRMA Administrator
There is little evidence that short-term rental (STR) providers are to blame for worsening rental affordability in the Australian state of Queensland, according to a University of Queensland report commissioned by the Queensland government. "There is little evidence to support the claim that increasing STR intensity accounts for a substantial proportion of the increase in rents observed since the start of 2020," the report stated. The City Council of Brisbane, the capital of Queensland, had hiked rates for short-stay providers by 65 percent on the grounds it would alleviate the city's housing crisis. "There is no evidence to support statewide STR restrictions," the report stated.
ABC News (Australia) (09/11/23) Kenji Sato
