Brisbane City Council’s plan to target homeowners who let their properties on short-term sites with a 50 per cent rate hike is a disappointing move, the real estate industry says.

Brisbane homeowners who operate short-term accommodation for more than 60 days a year will see their rates are double in a bid to lure them back into the rental market.

CEO of the Real Institute of Queensland, Antonia Mercorella, says it’s a bandaid solution to the rental crisis.

“It’s disappointing to see het again this kind of stick approach rather than looking for ways to encourage or incentivise people to move their properties onto the long-term rental market,” she said on 4BC Drive.

She said the 50 per cent rate hike is another form of punishment.

“I think we could do better than this, quite frankly,” she said.

“I think we should be having serious conversations about how to address this issue rather than coming at it from this approach.”

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