Industry and community to help make short-term holiday letting work for NSW
An options paper will be released by the NSW Government next month in response to the recommendations made in last year’s Parliamentary Review into short-term holiday letting.
NSW Minister for Planning and Housing Anthony Roberts and the Minister for Innovation and Better Regulation Matt Kean say community and industry feedback on the options will be required to identify appropriate regulations.
Minister Kean said the Government is focussed on finding a common ground that effectively addresses the concerns of everyone involved.
“We need to find what will work best for the people of NSW, which is why we’re issuing an options paper for discussion with relevant stakeholders,” he said.
“We don’t want a holiday accommodation market that’s so over-regulated it puts people off coming here but the rights of residents who live near these properties must be considered too. While short-term holiday letting, if properly managed and respected by all parties, can be a boost to the local economy, the need to protect people’s rights to the quiet enjoyment of their own homes is equally important.”
Tourism Accommodation Australia (TAA) said the NSW Government’s response was an acknowledgment that unregulated short-term letting in residential communities is a complex issue.
TAA CEO Carol Giuseppi said the industry has no issues with genuine sharing, however existing regulations needed to be enforced to prevent commercial operators exploiting the new online distribution system and operating “quasi hotels”.
“Research shows that 35 per cent of Airbnb listings in Sydney are available 365 days a year and being operated as fully commercial property businesses, with an increasing proportion operated as multi-property businesses – this is not ‘sharing’,” she said. “It is essential that adequate regulations be imposed on non-resident commercial property investors who rent out full properties for short term stays.”
TAA has also recommended a specific time limit is placed on short-term letting of properties, allowing owners to rent out their property while on holidays but not as a commercial business.
“TAA welcomes the opportunity for further consultation with government to ensure a resolution is reached that ensures the sustainability of the commercial accommodation sector which currently injects $2.3 billion directly into the economy, contributes $4.5 billion in consumption, and directly and indirectly employs over 80,000 people across NSW,” said Giuseppi.