Short-term accommodation market in Tasmania needs better regulatory management, inquiry hears

On the first day of hearings, the Legislative Council select committee on short-term accommodation was told there was evidence property conversions from long-term rentals had restricted supply in Hobart and regional areas such as St Helens and King Island.

Julia Verdouw, from the Institute for the Study of Social Change at the University of Tasmania, said there had been a steady growth in listings in most parts of Tasmania over two years.

“Entire properties have grown by 205 per cent statewide,” she said.

“Commercial-type listings are continuing to grow as a proportion of all listings and less of the shared-style accommodation.”

Dr Verdouw said this correlated with a net housing shortage of 650 homes in the greater Hobart area over the same period.

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Source: The Examiner