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Money The NSW government is coming down hard on Airbnb

15:10  05 june  2018
15:10  05 june  2018 Source:   businessinsider.com.au

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Confirmation of the NSW government ’s move to look into Airbnb rentals comes as the Victorian Civil and Administrative Tribunal ruled that an owner’s corporation at Watergate Apartments at the Docklands did not have the power to make a rule prohibiting stays of less than 30 days.

Is the party over for Airbnb in NSW before it even began? NSW government says slow down . “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.

Video provided by Nine News

The NSW government is coming down hard on Airbnb.

As part of a number of changes set to be introduced by the state government, the length of time a Sydney property can be rented for via Airbnb will be restricted to 180 nights a year.

Councils outside Greater Sydney will be able to decide whether or not to abide by this limit.

Along with the changes, strata corporations will be given the power to ban Airbnb letting in their buildings with a 75% majority vote.

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The New South Wales government has said it needs more time before giving home-sharing services like Airbnb the green light to operate in the state. " The NSW government is absolutely right in making moves to crack down on bad behaviour," McDonagh said.

How the NSW government ’s response compares. The conversion of permanent rental housing supply to short-term accommodation has been endemic in New York, London , Berlin, Barcelona, and San Francisco. In these cities governments have cracked down heavily on Airbnb and other online

The reforms follow a rise of Airbnb listings across Australia, and the potential high returns from casual letting, which some argue has put pressure on the property market.

Online booking platforms like Airbnb are estimated to contribute $31 billion annually to the Australian economy.

The reforms also include a new mandatory Code of Conduct which will address impacts like noise levels, disruptive guests and effects on shared neighbourhood amenities.

a bridge over a body of water with a city in the background: A listing in Sydney. © Airbnb A listing in Sydney.

Under a new two-strike policy, hosts or guests who commit two serious breaches of the code within two years will be banned for five years and listed on an exclusion register.

“These are the toughest laws in the country and will make sure residents are protected while ensuring that hosts who do the right thing are not penalised,” Minister for Better Regulation Matt Kean said.

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NSW Government Cracks Down on Uber. New Jetstar Distribution Strategy. Airbnb 's Room Nights Double, Revenue Soars. It will evolve over time and more details will be revealed in the coming weeks. If you'd like to register your interest in the project, please sign up for updates.

“ The NSW Government is absolutely right in making moves to crack down on bad behaviour. “In the last year alone, Airbnb guests contributed more than 0 million to local businesses across NSW , supporting more than 4,450 local jobs.

Under the new Code will be a new dispute resolution process to resolve complaints, and NSW Fair Trading will have power to police online platforms and letting agents.

Last month, the NSW government was forced to pull its plans to regulate Airbnb after Premier Gladys Berejiklian and the Cabinet failed to gain backbench support for the reforms.

The dispute at the time was over the cap on the number of days a property can be rented out annually.

An Options Paper on short–term holiday letting in NSW was originally released in July last year for public feedback.

To get an idea of how big of a problem this has been for the state government, here's a breakdown on how big Airbnb was in 2016.

According to Deloitte’s Developments in the Collaborative Economy in NSW report, the number of properties listed in the state more than doubled in 12 months to 38,000 properties from 16,200 in 2015 -- that's more than half the total Australian market.

Sydney listings alone have doubled annually over the last five years to more than 15,600 in January 2016.

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