Australian Housing and Research Institute new report welcomed by Tourism Accommodation Australia NSW
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Australian Housing and Research Institute new report welcomed by Tourism Accommodation Australia NSW
New research which reveals the full impact of the rapid conversion of residential properties into commercial tourist accommodation has been welcomed by Tourism Accommodation Australia NSW (TAA).
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Photo by Emjeii Beattie on UnsplashAustralian Housing and Research Institute new report welcomed by Tourism Accommodation Australia NSW
The research, released by the Australian Housing and Research Institute (AHURI), reveals ‘Sydney is currently in the top 10 cities for Airbnb listings globally and has seen strong growth in numbers of listings over the past four years’.
TAA NSW CEO Carol Giuseppi said the AHURI research reinforced that far from just being a place where ‘mum and dad’ operators can rent out a room or their house for a few days, there are a high percentage of commercial full time lets operating with little oversight.
“The new research really doesn’t come as a surprise - our data obtained from Inside Airbnb over the full year to June 2018 showed a total of 32,830 listings with 33.55% of those being whole dwellings let for more than 90 days,” Ms Giuseppi said.
TAA NSW CEO Carol Giuseppi
“We now have the AHURI research which points to a high concentration of commercial listings in suburbs like Bondi, Bronte, Coogee, Manly, Darlinghurst and areas in and around the Sydney CBD. These are areas that are highly attractive for visitors and renters alike.”
Ms Giuseppi welcomed the report’s backing of a regulatory limit of 90 days for short-term letting – not the 180 days in NSW.
“This is in line with approaches taken around the world. As the report advises ‘it represents a period of time thought to be the maximum period long-term occupants could vacate their property without having to seek alternative long-term accommodation themselves’,” she said.
“We have long argued that renting out premises for more than 90 days is actually a commercial enterprise.
Ms Giuseppi called for “effective and transparent monitoring” to be put in place.
“A mooted 12 month review is not possible without that,” she said.
“Cities internationally have recognised the only way to properly regulate is to put in place a registration scheme to monitor and report on changes and the impacts and we should do the same here. There has long been denial that there are links between short term letting and housing availability - the AHURI report now provides clear evidence of that link.”
Click here to view and download the research report.
Click here to view the official Australian Housing and Research Institute website.
