business
Qld landlords ditch ‘risky’ tenants and double returns amid rent crisis
Brisbane landlords are shifting homes to short-stay platforms, with some investors doubling their monthly returns.
Key points
- Lauren Jones says she earns about $6000-$7000 a month from short-stay hosting, up from about $3000 on long-term leases.
- Inside Airbnb recorded 748 entire-home short-term listings in Brisbane City, the worst concentration of any area it measured.
- Brisbane City Council scrapped a planned permit crackdown that would have fined rogue holiday hosts $140,000.
Why it matters. Housing advocates warn that failing to regulate short-stay rentals is displacing renters in Brisbane, where the vacancy rate is one per cent.
Brisbane investors are moving properties into the short-stay market, where buyer's agent Lauren Jones says she now earns about $6000-$7000 a month after Airbnb fees, roughly double her $3000 long-term income. Everybody's Home spokesperson Maiy Azize called short-term rentals a "symptom and a cause of the housing crisis". Brisbane City Council recently scrapped a planned permit crackdown that would have fined rogue holiday hosts $140,000.
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Qld landlords ditch ‘risky’ tenants and double returns amid rent crisis
Struggling renters are paying the price as investors flee red tape and rising costs for the lucrative short-term market, sparking a fierce clash over the city’s housing crisis. The post Qld landlords ditch ‘risky’ tenants and double returns amid rent crisis appeared first on realestate.com.au . Investors are pivoting to the short-stay market Struggling renters are paying the ultimate price as the lure of fast cash and flexible rules drives Brisbane landlords into the short-stay market. Real estate figures reveal investors are doubling their monthly returns by putting their properties on platforms like Airbnb, allowing them to sidestep strict tenancy laws and “risky” long-term leases. The pivot has sparked a fierce backlash from housing advocates, who warn entire suburbs are being swallowed by short-stay rentals while the state government sits on a secret report into the industry. 909/8 Dickens Street, Spring Hill brings in $325 a night on the the short-stay market The exodus follows a controversial raft of state government rental reforms that stripped landlords of the right to kick out tenants without a prescribed reason and slapped strict new limits on rent increases. Brisbane buyer’s agent and short-stay host Lauren Jones said entry-level investors facing $40,000 in out-of-pocket holding costs were turning to the sector to beat the federal government’s looming axe on negative.