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SYDNEY (Reuters) – Standard Australian vacationer vacation spot Byron Bay will restrict the provision of some properties for short-term vacation leases, as authorities attempt to unencumber properties for residents amid a nationwide housing disaster.
The New South Wales state authorities on Monday permitted a request from the Byron Shire council to restrict the short-term rents for some properties to 60 days per 12 months to assist enhance the variety of homes out there for long-term stays.
The choice comes days after Melbourne launched the nation’s first tax on Airbnb-like stays, which the authorities in Victoria stated would go in direction of funding extra social housing.
Byron Bay is a beachside vacation spot fashionable with vacationers and celebrities, and was featured in a Netflix (NASDAQ:) actuality TV collection.
Actor Chris Hemsworth owns a house within the space, however long-term residents and vacationer trade employees are struggling to seek out inexpensive properties for hire.
“It is well-known there was an undersupply of housing, notably inexpensive and numerous housing throughout the Byron Shire for a few years,” NSW planning minister Paul Scully stated in an announcement saying the coverage.
“Within the present housing disaster, it is vital each out there means to spice up housing inventory for the group is utilised.”
The brand new guidelines will take impact in Sept. 2024 and solely apply to sure areas. Elements of Byron Bay and close by Brunswick (NYSE:) Heads with “excessive tourism attraction” will proceed with out caps.
Australia is within the grips of a housing disaster, as a long time of low-density suburban sprawl have left many cities in need of housing, particularly close to metropolis facilities.
Different world vacationer locations like Berlin and Barcelona have additionally positioned restrictions on short-term lodging to unencumber extra housing for residents.
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