The Future of Short-Term Letting Platforms in Australian Strata Communities

The rise of short-term letting platforms like Airbnb and Stayz has transformed the way people travel and find accommodation. In Australia, these platforms have become increasingly popular, with travellers seeking unique and personalised experiences. However, their growth has not been without controversy, especially within strata communities. In this article, we’ll explore the future of short-term letting platforms in Australian strata communities, with a particular focus on QLD.

The Current Landscape

Before delving into the future, it’s crucial to understand the current state of short-term letting platforms in Australia and how they impact strata communities. Strata communities refer to properties that share common facilities, such as apartment buildings or townhouses.

In recent years, many strata communities have had to grapple with the implications of short-term rentals. Concerns include noise disturbances, wear and tear on common areas, and security issues. Some strata property owners argue that these platforms disrupt the peaceful coexistence of long-term residents, leading to tensions within strata communities.

The Future of Short-Term Letting in Queensland

Increased Regulation/Regulatory Framework

The future of short-term letting platforms in Queensland’s strata communities is likely to see increased regulation. The Queensland government has taken steps to address the concerns raised by residents, and this trend is likely to continue. The focus will be on balancing the interests of short-term hosts with those of long-term residents and maintaining the quality of strata communities. The regulatory landscape is continually evolving and is expected to shape the future of short-term letting platforms.

Stricter Licensing and Compliance

In the future, we can expect more rigorous licensing and compliance requirements for hosts. This may include mandatory training for hosts, ensuring that they understand their responsibilities regarding noise levels, property maintenance, and security. Compliance with local safety standards and insurance requirements may also be tightened.

Technology and Management Solutions

To address some of the concerns of strata communities, technology will play a significant role. Property management solutions and apps that enable better communication between hosts and strata managers are likely to become more prevalent. These tools can help manage bookings, noise complaints, and maintenance issues effectively.

Increased Community Engagement

Strata communities will likely see increased community engagement to promote responsible short-term letting. This may involve setting up community guidelines and dispute resolution mechanisms to prevent conflicts from escalating. Communities may also establish policies for sharing information and updates related to short-term rentals in their communities.

 

The future of short-term letting platforms like Airbnb in Australian strata communities, with a particular focus on Queensland, will undoubtedly involve increased regulation, stricter compliance, and innovative technology solutions. These changes aim to strike a balance between the economic opportunities presented by short-term rentals and the need to maintain the quality of life for long-term residents. By promoting responsible hosting practices, increased community engagement, and embracing new technology and management solutions, strata communities in Queensland can adapt to the evolving landscape of short-term letting, ensuring harmony and cooperation among all stakeholders.

Below are some examples of increased regulations for short-term letting in Australia and overseas.

Victoria

Have introduced a 7.5% levy on all short-term accommodation stays.

QLD

Qld is also considering a Victorian-style Airbnb levy as it weighs up housing options.

Brisbane

Brisbane City Council announced in its recent budget that it would raise its rates surcharge on short-stay properties from 50 to 65 per cent.

Noosa

Short stay rentals will need to apply for approval and display the notice at the front of the property with the phone number for a 24/7 complaints hotline.

Properties now require a contact person who lives within 20km to be available around the clock and respond to any issues like noise complaints within 30 minutes.

NSW

NSW rules limiting owners from renting out properties on a short-term basis on platforms such as Airbnb to 180 nights a year have not been enforced once in nearly two years of operation, records show.

New York

New York has brought in a de facto ban on Airbnb and that’s a 30 day cap on non-hosted stays. maximum of two guests at a time

London

Beginning in early 2017, short-term rentals of entire properties in London were limited to a maximum of 90 nights per calendar year.

San Francisco

Regulations in San Francisco, where Airbnb’s corporate headquarters is located, mean hosts can only rent out their entire space, while they are absent, for up to 90 days a year.

To register a listing, an owner also needs to live there 75 per cent of the time — or at least 275 days a year — and can only have one primary residence.

Amsterdam

Amsterdam passed a regulation at the start of 2019 which means entire properties can only be rented for a maximum of 30 nights a year.

Barcelona

In August 2021, Barcelona became the first European city to forbid short-term private room rentals, but it still allows entire properties to be rented if the owner has a licence.

To let a short-term rental in Barcelona for fewer than 31 days, an owner must apply to have their property approved as a “tourist household”, which also draws a tourist tax.

How Can We Help You?

Call us on 07 3435 5300 and one of our friendly consultants will help