The rapid growth in short stay accommodation is contributing to an increased shortfall in long term rental accommodation, as the growth results mainly from the conversion of existing properties, not from an increase in the supply of new properties. The highest negative impacts are on renters with the lowest incomes. While a booming tourism economy has many benefits, the flip side is the increasing negative impacts on people who cannot find affordable homes to rent. Because Tasmania is a small market, high impacts can result from relatively low numbers of properties being displaced from the private rental market. Read the full report…