Owners in strata communities are watching with interest, the increase in popularity of short-term letting web sites such as AirBNB and how governments in Victoria, New South Wales and Queensland are addressing the fast moving ‘sharing economy’. SSKB Strata managers has a wrap up on the latest news here:
Airbnb hosts who rent out their homes to rowdy guests may have to pay their neighbours compensation under a proposed state government plan.
The extra fee is one of several proposals aimed at managing the short-term rental market being considered by the NSW government this week, according to The Daily Telegraph.
Under the proposed plan, hosts may have to pay a ‘nuisance tax’ to those living nearby and feed more money into strata
The Victorian Parliament’s Environment and Planning Committee has recommended significant changes to a Bill before Parliament aimed at regulating short-stay accommodation.
After a successful campaign by We Live Here, the Short-stay Accommodation Bill was blocked in the upper house and referred to Parliament’s Environment and Planning Committee.
The committee included Labor, Liberal and Greens members and was chaired by the David Davis MLC.
The Bill has now been thrown back to the lower house to be rewritten virtually from scratch.
Hynes Legal looked at this issue from a Queensland perspective back in March:
An indication of how quickly Airbnb has arrived is reflected in the most recent BCCM review recommendations. We received the recommendations last month to an issues paper released in December 2014. The topic of short term letting restrictions would have been a perfect addition to that options paper, but Airbnb was simply not on the radar when it was published. This is yet another example of the pace at which technology is moving.
Disruption can mean many things, and there are always unintended consequences. If you are interested, have a look at this article from a tax perspective for property owners using Airbnb.
But back to our question.
What can a Queensland body corporate do about it?