Saturday, 16 June 2018
SHORT TERM HOLIDAY LETTING PLAN A WIN-WIN
When the host is not present, a limit for hosts to rent out properties via short-term holiday letting of 180 days in Greater Sydney will apply, with 365 days allowed in all other areas of NSW.
Minister for Fair Trading Matt Kean said the reforms recognise the estimated $31 billion annual contribution of online booking platforms like Airbnb and HomeAway (formerly Stayz) to the Australian economy, while stamping out party houses through a mandatory Code of Conduct.
“We have consulted widely with industry and the community to make sure our nation-leading regulatory framework is the very best approach to short-term holiday letting,” Mr Kean said.
The mandatory Code of Conduct for online accommodation platforms, letting agents, hosts and guests will address impacts like noise levels, disruptive guests and effects on shared neighbourhood amenities.
The Code will also include a new dispute resolution process to resolve complaints, and NSW Fair Trading will have powers to police online platforms and letting agents. For more information, click here.