Airbnb and other short-stay accommodations will require a permit to operate in Brisbane as the city attempts to increase its rental supply.
The decision comes after a task force examining the effects of the city's booming short-stay market, which boasts about 4430 active listings, handed down its findings.
Lord Mayor Adrian Schrinner, in yesterday's pre-election budget speech, accepted the report's recommendations, including the introduction of a permit system.
Owners will need to seek planning approvals for the permit in a measure hoped to force them to operate under greater accountability.
Any short-stays listed without a permit will be met with penalties or enforcement while dwellings not approved for a permit will be forced back onto the long-term rental market.
Schrinner said council has already identified at least 420 properties that will not be able to continue to operate as short-stays.
"Hundreds of others would have to prove they could meet the requirements of a new local law," he said yesterday.
"While a large part of regulating short-stay accommodation falls outside the jurisdiction of local governments, I hope we can work with the state government to introduce sensible changes."
Also under the new rules, short-stay owners will need to have a 24/7 property manager and pay an annual fee.
Some short-stay owners will be subject to increased rates of a further 10 per cent under yesterday's budget.
Schrinner recognised the tourist demand and economic boost from short-stays, especially ahead of hosting the 2032 Olympics, but also stressed legitimate concerns.
The most difficult places in Australia to find a rental
Brisbane recently became the second-most expensive capital in the country, according to the latest PropTrack report.
"These changes will make it easier for council to prevent properties being used as short-stay accommodation where it is not appropriate, and take swifter action against those doing the wrong thing," Schrinner said.
The recommendations stopped short of following Victoria with a tax on Airbnbs.
