State government to pay landlords $10,000 to drop short-stay rentals
One Australian state government is so concerned about the rental crisis it is offering a large cash bonus to landlords who switch from short-term rentals to permanent lease agreements for tenants.
There are an estimated 140,000 short-stay accommodation places available in Australia, including more than 10,000 in Western Australia. (Image source: Shutterstock.com)
The conversion of short-stay rentals to permanent rental leases has been seen by one state government as an answer to the rental crisis worthy of $10,000 landlord incentives.
The West Australian Government on Thursday (9 November) announced a raft of new regulations for short-term rental accommodation (STRA) in the state, including a new $10,000 incentive for property owners to transition existing short-term rental accommodation into long-term r…
