- By admin
- In Industry News
ARTICLE: CANBERRA’S SHORT-TERM RENTALS MORE THAN DOUBLE IN A YEAR, PROMPTING CONCERN FROM ACT GOVERNMENT
REIACT CEO Maria Edwards identified possible factors that contribute to the increase in short-term rentals in the ACT, including the development of new apartments specifically intended for short-term use, long-term rentals switching to short-stay given the stark difference in income, the end of COVID-19 travel restrictions, and most importantly, the ACT Government’s restrictive residential tenancy regulations.
