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Short-stay accommodation offering longer-term rewards

Investment property owners in key tourist markets have responded to a huge hike in demand for short-stay accommodation by turning to tourism over long-term rental leases.

Aerial photo of Cairns, North Queensland
Tropical Cairns has been a favourite among holiday-seekers in 2021, according to Stayz. Photo: Shutterstock

Investment property owners in key tourist markets have responded to a huge hike in demand for short-stay accommodation by turning to tourism over long-term rental leases. 

Since the onset of the COVID epidemic, short-stay accommodation platforms have benefited from the impact of travel restrictions and lockdowns across the nation. 

Darren Karshagen, director ANZ Vacation Rentals, Expedia Group, said demand for short-term rental on their Stayz b…