Membership, training, private training services for the Queensland Real Estate industry.

Industry Update June / July 2022

June/July Industry update 2022

24th June 2022 - Removal of without grounds for periodic and fixed term tenancies

From October 1, 2022. Queensland new tenancy laws. Listen to short podcast regarding below here.
 
Current section 291 Notice to leave without ground has been amended to reflect that lessors or agent are no longer permitted to give notices to leave ‘without grounds’ and must use an approved ground for residential tenancy agreements.
‘End of a fixed term’ has been introduced as a new ground for a lessor or agent to give a tenant to end a fixed term agreement. The heading for current section 291 is amended from ‘Notice to leave without ground’ to ‘Notice to leave for end of a fixed term agreement’. The effect is that a notice to leave for end of a fixed term must not be used in a way that constitutes taking retaliatory action against the tenant.
PME and Platinum  Members of Real Estate Excellence, at Member login (realestateexcellence.com.au), there's all you need to know about all the new laws including best practice guides, plus training events being held throughout Queensland shortly. Click here and scroll down to see what, where etc.

15th June 2022

Brisbane City Council to hike rates on short-stay properties like airbnb to tackle rental crisis

Brisbane City Council to hike rates on short-stay properties like airbnb to tackle rental crisis

By Lucy Stone
Property owners who list their homes for short-term accommodation in Brisbane have been warned: return your home to the long-term rental market or face a 50 per cent rates hike.

Key points:

  • Lord Mayor says council does not have exact data on how many short-term accommodation properties operate in Brisbane
  • The rates hike will not impact owners that only lease out a single room, granny flat or shared accommodation
  • Council plans to track short-term accommodation through data searches and resident reports

Lord Mayor Adrian Schrinner will hand down the LNP administration's $4 billion budget today and told ABC Radio Brisbane he hoped the measure would force more home owners to return their properties to the general rental market.

Mr Schrinner admitted the council does not have exact data on how many short-term accommodation properties operate in Brisbane, but said it was clear "thousands" of homes had been removed from the long-term rental market while Brisbane is in a housing crisis.

Brisbane's rental vacancy rate for May was just 0.6 per cent, he said.

Short-term accommodation data analysis company AirDNA estimated about 3,600 homes were currently listed on sites like Airbnb across the greater Brisbane area, including Ipswich and parts of Moreton Bay and Logan.

"If owners had these properties in the market for short-term, overnight stays – that is their choice, but what they'll be facing now is a 50 per cent increase in their rates.

"We don't want anyone to pay that, we want them to put those properties back into the rental market for long-term use."

The rates hike will not impact owners that only lease out a single room, granny flat or shared accommodation, but will directly target owners of entire properties listed for overnight stays.

 
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.

However, residential rates are tipped to rise in today's budget potentially increasing those fees again.

'We've had hundreds of complaints'

Noosa Shire Council this year introduced a $950 registration fee for short-term accommodation properties, amid a crackdown on short-stay properties in the region.

The Lord Mayor said the council planned to track short-term accommodation through data searches and resident reports.

"We've had hundreds of complaints in the last 12 months about these things popping up," he said.

"As you can imagine, a standard residential area gets turned into a mini-hotel overnight and different tenants coming and going every weekend, for example – these are things the people of Brisbane are letting us know already."

Sourced from Brisbane City Council to hike rates on short-stay properties like airbnb to tackle rental crisis - ABC News

 

Mailing List

Please let us know your name.
Please enter your suburb
Please enter your state
Please enter your email address.
Code: Refresh Enter the 4 digit code