The NSW Legislative Assembly Committee on Environment and Planning (“Committee on Environment and Planning”) has tabled a Report in the NSW Parliament entitled the “Adequacy of the Regulation of Short-term Holiday Letter in New South Wales,” following an 18-month inquiry into the practices of the industry.
The Committee on Environment and Planning has recommended that short-term rental accommodation (“STRA”) be defined and permitted in NSW. The Committee on Environment and Planning has recommended a definition of STRA be inserted into the Principal Local and Environmental Plan and amendments by made to the State and Environmental Planning Policy (Exempt and Complying Development Codes) 2008.
The Committee on Environment and Planning has researched the impacts of STRA, and found that complaints relating to STRA were generally low. Despite this, stakeholders raised a number of issues with the Committee on Environment and Planning, including:
- the status of STRA under planning laws;
- issues with STRA in strata building; and
- insurance coverage for STRA.
This report has been prepared by the Committee on Environment and Planning, in response to the increased popularity of STRA websites such as Stayz and Airbnb, which allow homeowners to rent out their property directly to potential guests.
Some local councils have already embraced STRA, with 12 local councils already having implemented rules regulating the practice. However, other local councils have raised concerns about the impacts the practice may have on other property owners surrounding the STRA.
To view this report prepared by the Committee on Environment and Planning click here. (link is external)
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