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Australia: Brisbane to introduce Airbnb permits — Property owners would need appropriate planning approvals, body corporate support, and a 24-7 property manager
Mayor Adrian Schrinner says property owners would now need appropriate planning approvals, body corporate support and a 24-7 property manager for short-term rentals
“If you are in an apartment building, and your neighbour wants to switch over to short-stay accommodation, the body corporate doesn’t have the power to effectively decide whether that can or can’t happen,” Schrinner said. The demand for rentals has also skyrocketed, with Brisbane facing a 0.9% vacancy rate and rent prices have risen 9.3% over the past year. As the housing supply crisis wreaks havoc across Australia, other states such as New South Wales are considering introducing a short-term accommodation levy to encourage owners to put their properties back on the long-term market.
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