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Brisbane’s council will raise rates on short-term rental properties

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Brisbane City Council will deliver an ultimatum to property owners who rent houses or flats on short-term living platforms: return them to the rental market or face a 50 percent jump in their rates.

Lord Mayor Adrian Schriner announced the move amid rising living costs and a shortage of affordable real estate for rent before he handed over the board’s $ 4 billion budget on Wednesday morning.

“Tenants are a priority now,” said Brisbane Lord Mayor Adrian Schriner.Credit:Theme Lowe

Schriner said that if owners choose a list of entire facilities rather than individual rooms on platforms, “it’s their choice,” but they will face significant rate increases within Australia’s largest local government.

“Tenants are a priority now,” he said.

The council will look forward to finding the data available to the government, and to the large number of complaints it already receives about such properties.

After the Gold Coast on Tuesday announced an increase in average housing rates in Brisbane by 4.3 percent, Schriner said the average property owner in Brisbane will experience less growth of less than $ 160 a year.

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He will not address what the average rate increase will be, leaving it for budget announcements and speeches scheduled for later Wednesday.

New Federal Greens MPs in downtown Brisbane, who won three seats from Labor and LNP in the recent federal election, have expressed dissatisfaction with tenants was a key factor behind the parties that lost power in the Queensland capital.

https://www.watoday.com.au/national/queensland/brisbane-council-to-hike-rates-on-short-stay-rental-properties-20220615-p5atrm.html?ref=rss&utm_medium=rss&utm_source=rss_feed

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