Western Australia’s government is cracking down on short-stay accommodation providers and offering property owners cash to put their homes back on the market for local renters.
Premier Roger Cook, his Commerce Minister Sue Ellery, and Planning Minister John Carey announced new regulations on Thursday morning, which will apply to short-term rental accommodation .
The average rental price for a house was $600 a week, with renters paying on average $550 a week for a unit. Airbnb’s Head of Public Policy for Australia and New Zealand Michael Crosby said they’re “glad to see a clearer outline” of the regulations, following an extensive consultation period. He added the incentive cash payment is “unlikely to make a significant difference to housing supply, given short-term rentals in WA make up a small per cent of total housing stock.”Registration opens mid-2024, and all STRA properties will need to be registered by January 1 2025 — including those that don’t need planning approval.
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