Sydney is in the Top 10 list of Airbnb cities globally, with more than 15,000 listings in the CBD and surrounds, although the rapid growth of the accommodation-sharing service has been met with a confusing response by local and state legislators.
“The sharing economy is booming in NSW as more people are finding creative ways to turn unused things into income. This report is about giving certainty. Not everyone is a winner, but we have tried to get the balance right for consumers, home owners and the wider community.”
The report will recommend that hosts renting out their principle place of residence will not need to seek council approval, although those wishing to rent out an empty property for short stays will need to abide by a “code of conduct” and seek council approval.
“This is great news for the thousands of everyday people making a little extra income opening their homes to travellers across New South Wales. We welcome this news. It is a massive step in the right direction and we applaud Mark Coure and the committee members for showing they’re serious about embracing home sharing, and growing the visitor economy.”“We look forward to continuing to work with the government to implement fair home sharing rules that allow more people to monetise their extra space.”
The report will be tabled to the NSW parliament on Wednesday, paving the way for it to be adopted, allowing home sharing to be regulated for the first time in the state.