7 News ·general ·1 hour ago

Brisbane mayor abandons plan to convert short-stay rentals to housing market

Brisbane's Lord Mayor Adrian Schrinner abandoned a controversial plan Wednesday to force short-stay rental properties back onto the housing market, citing economic uncertainty and rising interest rates. The council had previously targeted about 500 of the city's 2,200 short-stay listings under a proposed permit scheme due by June 2026.

Summary by Glance · 7 News

Newer
Next