A new home-away-from home has opened in Byron as the impact of new caps on short-term rentals in the Byron tourism hotspot are about to be felt.
On September 24 in northern NSW’s Byron Shire, the number of days short-term rental accommodation can be inhabited “unhosted” each year drops from 180 to 60. “Unhosted” means a stay at a property, usually booked through Airbnb or a similar platform, without the owners in situ.
“What we’ve seen because of the proposed changes, but also because Byron is attractive for investors, is that a lot more hotels have been developed, many at the higher end of the market, but also across the spectrum,” Lyon says.
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