Emma Larouche
20 November 2024: University of Canberra researchers are conducting new, nation-wide research to provide clarity and understanding to the public debate on short-term rentals (STR) and housing affordability. The team will develop an evidence-based approach to improve housing outcomes without stifling economic activities such as tourism and business travel.
Professor Naomi Dale from the University’s Faculty of Business, Government and Law is leading the study.
Professor Dale is also the CEO of the Canberra Region Tourism Industry Council. She said the research aims to challenge common assumptions and provide fresh insights into the ongoing debate about STR’s impact on housing supply and affordability in Australia.
“STR owners often decide against the option to offer long-term rent due to poor tenant experiences, poor care and maintenance, and loss of control of their property,” Professor Dale said.
“They are more emotionally invested in their property – they use it for family holidays, have inherited it, or plan future personal use, creating a strong connection to the property and local area and community.”
The researchers are calling for owners of properties currently being offered as short term rentals across Australia to complete a short, anonymous, online survey about their decisions to opt for short-term or long-term leases, and what factors influenced those decisions.
The survey results are being used to better understand homeowner preferences, how restrictions on the number of nights a property can be rented short-term affect property investors’ buying behaviours, how the implementation of other restrictions may affect decision-making, and how higher rates and duties on non-owner-occupied properties impact purchasing trends.
The findings are expected to form a vital, evidence-based resource for policymakers, property investors, and the general public, offering data-driven insights to navigate the complex landscape of rental markets.
“The issue around STRs and whether or not they are contributing to Australia’s housing crisis has become very divisive, and we want to ensure the STR industry has the right mechanisms in place to fully legitimise its role,” Professor Dale said.
“The industry faces questions about its classification – whether it belongs in real estate, hospitality, or tourism. Clarifying this will also help improve its reputation in the community.”
The survey can be found here.
