“As Australia’s fastest growing city, we are considering all options that will deliver more housing – and the quickest way to do that is to utilise housing that is already in place.”
However, the proposal also sparked controversy, with Dr Michael Fotheringham saying the proposed reform was a “toe in the water”.
“Anything we do that encourages property owners to put their investment properties into the actual residential rental market, rather than the tourism market, is a positive thing,” he told The Guardian.
“But it’s a small step being proposed.”
Subscribe to The Briefing, Australia’s fastest-growing news podcast on Listnr today. The Briefing serves up the latest news headlines and a deep dive into a topic affecting you. All in under 20 minutes.