Brisbane to hike short-term rental rates

Brisbane landlords face a 50 per cent rate hike if they don't return properties to long-term rental. (AAP)

Brisbane's short-term rental owners are facing a 50 per cent hike in their rates if they don't return properties to the long-term market.

Lord Mayor Adrian Schrinner says the move is aimed at getting more properties onto the market amid a housing crisis that has left 50,000 people on the state government's waiting list.