NSW Crackdown on Airbnb Hosts

The NSW  Government has announced a proposal for new regulation restricting property availability leased through Airbnb.

This comes as no surprise as we have commented previously that the use of home sharing services such as Airbnb restricts housing supply for long-term tenants pushing up rents. This is especially impactful in specific locations where demand is high already, and supply is low. Economics 101. Examples are Hobart and Byron Bay.

Our predictions have been that it is only a matter of time before Airbnb and short-term leasing would be further regulated to tackle the possibility of rental property shortage and increased rents.

Stay tuned, there will be plenty more to come over the next year or two.

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By |2018-06-07T16:04:15+10:00June 7th, 2018|

About the Author:

David Johnston
David is the Founder and Managing Director of Property Planning Australia, author of ‘How to Succeed with Property to Create your Ideal Lifestyle’, co-author of ‘Property for Life – Using Property to Plan Your Financial Future’ and a widely-published media commentator. With more than 20 years of experience, David is passionate about educating others to make informed, and ultimately, more lucrative property investment decisions. David established Property Planning Australia in 2004 – with the vision to educate and empower Australians to make successful property, mortgage strategy and money management decisions.  Property Planning Australia’s operations have earned acclaim and national industry awards for its unique fusion of property planning, education, money management, mortgage strategy and risk management. All supported by multi award winning customer service.