2022-11-14 GC Agenda - Item 4 - Attachment 2 - Appendix 13 to Attachment 1

NOOSA SHORT STAY ACCOMMODATION ECONOMIC & SOCIAL ASSESSMENT



2.2.2        Short Term Rental Dwelling Supply
The AirDNA data presented in the preceding section provides useful insight into how supply and demand for short
term rental dwellings have tracked in recent years. However, this data provides an incomplete picture of total supply
and demand for short stay accommodation (particularly short term rental dwellings) as it captures only a subset of
dwellings (those advertised for short term rent through Airbnb and Stayz/Vrbo).

To provide a more complete, point-in-time representation of properties available for short term rent, Council
prepared a Tourism Carrying Capacity Analysis in April 2020 using a number of data sources to compile a list of
properties identified and verified as undertaking some form of tourist/ visitor accommodation. Council also
acknowledges that additional undetected dwellings were likely to be also undertaking short-term accommodation
but could not be definitively verified at the time the analysis was undertaken. Even so, this analysis is considered
to be a more complete representation of short term accommodation supply than presented in AirDNA data.

The following data sources were used in developing the Tourism Carrying Capacity Analysis:

•     Noosa Council rates database – properties identified as undertaking transitory accommodation and paying the
      tourism levy.

•     Tourism Noosa survey of members – identified properties within resorts and unit complexes operating short-
      term accommodation.

•     BNB Guard were engaged by Council to undertake website searches for properties listed as available for short-
      term accommodation on online booking platforms.

•     Online searches for properties listed as available for short-term accommodation including real estate and
      property management agencies, holiday management sites and online booking platforms.

The Tourism Carrying Capacity Analysis was also updated by Council for October 2022, providing a point in time
comparison of short term accommodation supply between these two periods.

For the purposes of this assessment, only those properties deemed as dwellings have been included and
summarised in Table 2.4. The table shows that total dwellings available for short term rental in Noosa increased
by 5.7% between April 2020 and October 2022, from 4,754 dwellings to 5,025 dwellings. Of these, apartments
comprised the greatest share at around 57% in both time periods, followed by separate houses (increasing by
18.2%, with the share of supply increasing from 18.6% in April 2020 to 20.8% in October 2022).

Table 2.4. Short Term Rental Dwelling Supply – Number of Dwellings, Noosa, All Zones
    Dwelling Type              April 2020      October 2022   % Change
    Apartment                     2,713           2,842         4.8%
    Duplex                         151             152          0.7%
    House                          885            1,046        18.2%
    Townhouse                      925             907         -1.9%
    Secondary Dwelling              24             16          -33.3%
    Guest Suite                     56             62          10.7%
    Total Dwellings               4,754           5,025         5.7%
Source: Noosa Shire Council (2020 and 2022).

Looking at supply across LDR zones (Table 2.5), for which the policy was changed in July 2020 to make short term
accommodation an inconsistent use, the number of dwellings used for short term accommodation increased by
12.1% from 846 dwellings to 948 dwellings.




                                                                                                                  10