7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Big changes have kicked in for holiday homeowners in one of Australia’s most popular tourist towns, with new caps limiting how many days they can have guests staying each year. As of Tuesday, owners of short-term rental accommodation in Byron Bay, which are properties rented through Airbnb or Stayz, can only offer their homes up to guests for a total of 60 days a year.
Airbnb Australia and New Zealand head of public policy Michael Crosby said “tourism will suffer” as a result of the caps. He said other local and international caps have not helped improve housing supply or affordability. “In New York City, where short-term rentals have effectively been banned, hotel prices have soared and rental availability and affordability has not improved,” he said.
Business Housing Business Housing Market News NSW News
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Best pet camera Australia: 7NEWS reporter tests Ring’s new Pan-Tilt Indoor Camera7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
7NEWS Sydney announces new 6pm presenting team with Mark Ferguson and Angela Cox to co-anchor7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
New powers for councils to cap short-term accommodation as Victoria moves to 7.5% ‘Airbnb tax’State treasurer says levy will help in ‘getting the balance right’ for mix of housing and prioritising long-term rentals
Read more »
Airbnb hits out at Victorian government over 'damaging' new short-term rental levyThe policy is designed to free up housing by encouraging investors to change some of the estimated 50,000 short-stay properties.
Read more »
New Airbnb tax will fail to fix Vic housing crisis, report findsVictoria’s new Airbnb tax will harm regional communities while failing to improve the state’s housing crisis, a new report has found.
Read more »
Melbourne protest: 7NEWS reporter Teegan Dolling assaulted live on air as anti-war protest turns ugly7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »