If your property has been operating as a short-term holiday rental, now may be the ideal time to transition into long-term leasing - with a generous incentive to support your next step.
The latest phase of the Short-Term Rental Accommodation (STRA) Incentive Scheme is now open, offering eligible property owners a $10,000 grant to convert their home from short-stay accommodation to a minimum 12 month residential lease.
This initiative not only supports much-needed housing availability across the South West, but also presents a compelling opportunity for property owners to secure consistent rental income.
You may qualify if:
- Your home was advertised or occupied as unhosted short-term accommodation (such as Airbnb) between 20 May and 30 June 2025
- You own the property and enter into a 12 month lease between 1 July and 31 December 2025
- The agreed rent falls within the scheme’s threshold - for South West properties, this is $850 per week or less
At Jennings Hopkins, we’re proud to support owners in making this transition effortlessly. Jennings Hopkins combines local knowledge with years of experience and a genuine passion for property - offering expert guidance across every stage of the leasing and management process.
With nearly 100 homes under management and an unwavering commitment to excellence, we offer tailored marketing campaigns to attract premium long-term tenants, accurate rental appraisals in line with scheme requirements, discerning tenant selection and fully managed lease negotiations and ongoing care, professionalism and communication.
If you're considering converting your property or simply want to better understand the scheme, we’re here to help. To arrange a confidential discussion or property appraisal, contact Robyn Ramirez, Senior Property Manager, on 08 9759 1322 at robyn@jenningshopkins.com.au.