The NSW Government has implemented a new statewide regulatory framework for short-term rental accommodation (STRA), which includes a new planning framework, fire safety standards for STRA dwellings and a new Government-run STRA Register.
On November 1 2021, the NSW Government’s new STRA policy will come into effect. There’s a lot to take on board here – and at first glance it seems to be an unnecessary stranglehold on our industry – but don’t panic, it’s not all bad and includes some welcome regulation.
Felix Technology believes industry regulation is a good thing – it legitimises the business we’re all in, it provides a solid framework for all stakeholders and opens up government-level discussions to efficiently grow and develop. We fully endorse the code of conduct – for owners, managers and guests – as a benchmark for how short term rental property management services should be implemented and provided. The effect of poorly-operated short term rental properties leave a far-reaching negative stain on our industry and it’s important that all stakeholders are on the same page when it comes to setting the expectations we have on ourselves as a quality-led accommodation service. Positive community response will lead to exponential growth.
Conversely, and obviously, we do not approve of the 180-day annual cap on non-hosted short term rental nights in some NSW LGAs. It limits growth opportunities, limits maximising revenue and complicated management as a whole. There are conversations being had about methods used to monitor this cap and legal ways to minimise the impact of this. Felix Technology is happy to discuss with you about our thoughts and views on this, and we’re also keen to hear from you regarding your discussions you’ve had as well with your partners and stakeholders.
So, where to from here?
November 1 will be here sooner than you think. It’s vital that you get your head around things before that date:
- Make sure you’ve thoroughly read and understand the new rules for Short Term Rental Accommodation
- Make sure you’ve registered all of your short-term rental properties on the STRA Register
- Make sure you’ve thoroughly read and understand the new Short Term Rental Accommodation Fire Safety Standard
Finally, if you have any questions, comments or concerns, do not hesitate to reach out to us – we’re here to help you navigate this change as smoothly and effectively as possible, so you can get on with the business of growing your business.