A report by the Tenants Union of Tasmania has found despite popular belief, most short-stay properties are owned by Tasmanians, not international investors and the average owner has a property portfolio worth much more than average household wealth.

“$2.6 million isn’t actually a lot of money in this setting given our house prices have exploded,” she said.

For people in other states tuning in, Hobart house prices haven’t exploded that much.