New regulations for Airbnb announced

 

The NSW Government has announced its plan to ban apartment owners from renting out their properties on Airbnb if they do not live there themselves. The current strata laws blocking Owners Corporations from regulating Airbnb will be replaced, giving Owners Corporations limited power to pass by-laws that stop short-term letting where the owner does not actually live in the unit. The plan targets investors who are purchasing apartments in order to lease them on Airbnb, but allows owner-occupiers to continue letting up to 180 nights a year.

In conjunction with the new legislation, the government will develop a mandatory code of conduct, and guests and hosts who commit two serious breaches of the code within two years could be banned from all short-term holiday platforms.

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