A levy on short-term rental accommodation is being considered by the government, but regional property owners say any broad-based levy would kill tourism.
The number of NSW properties placed on platforms such as Airbnb has hit 50,000 as the state’s housing minister considers major changes to the rules governing short-term rental accommodation in a bid to fix the state’s housing crisis.
“Whilst the review and potential reform of alone is not a silver bullet, it is an important step towards fixing existing structural issues in the housing market.“We’re not pre-empting the outcome, but some of the areas being considered are day caps, a potential levy that will lead to more investment into social and affordable housing and reporting requirements to help bolster transparency and future planning.
The Australian Short-Term Rental Accommodation Association lobby group met MPs in NSW parliament this week to argue against the introduction of day caps on rental properties. Price said the 50,000 properties on the NSW register included those which were rented out for a single night or day in an entire year, meaning they could not be used for long-term rentals.
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