In a move that will please traditional holiday accommodation providers and online marketplace and hospitality services such as Airbnb and Stayz, the New South Wales Government has issued a policy paper which favours boosting short-term holiday letting in houses and apartments across the State.
The focus is: broadening the economic benefits of tourism - and this is why:
Internet platforms have generated new marketplaces for short-term holiday letting, benefiting consumers and providers by lowering transaction and accommodation costs, and providing opportunities to earn income from unused assets.
The policy paper is to be followed by a consultation paper to flesh out a legal framework for short-term holiday letting. The issues to be addressed are town planning, the development controls that should apply, compliance issues, a code of conduct, and monitoring.
The NSW Government proposes to pass on responsibility to the Local Councils. Strata owners are not to be given any power to control short-term lettings.
For more details, click on NSW Government is looking at options to give Short-Term Letting a legal framework