Short-term rentals have become a significant issue on Queensland's Sunshine Coast, with the region experiencing a disparity between the high demand for short-term stays and a shortage of long-term rental properties. This shortage has led to a highly competitive rental market, making it challenging for residents like Mr. Webb and his partner, who rent meters near the beach and are concerned about being displaced once their lease ends.
Urban geographer Dr. Sigler highlighted that short-term lets constitute about 8% of the housing stock on the Sunshine Coast, which aligns with similar trends in other tourism hotspots across Australia. However, Dr. Sigler also pointed out that the housing crisis resulting from short-term rentals goes beyond just the emergence of new platforms like Airbnb and Stayz; it delves into fundamental questions about home ownership and property investment.
The increasing popularity of short-term rentals has raised concerns about the impact on the local rental market and the availability of homes for long-term residents. Authorities such as Noosa Council have taken steps to regulate short-term letting, implementing local laws that require approval and yearly renewal for short-stay properties. These measures aim to address concerns about rising rents, reduced availability of long-term rentals, and the overall impact on the community.