WA flags more Airbnb regulation

WA flags more Airbnb regulation

Western Australia’s Premier has flagged adjustments to quick keep rental lodging companies like Airbnb – however says banning the service could be “a big call”.

Real Estate Institute of WA (REIWA) knowledge reveals Perth’s February rental emptiness price at 0.7 per cent.

The report low price is, partly, being pushed by properties being taken off the rental market and listed on companies equivalent to Airbnb and Stayz.

When he was on Sunday requested if he would think about banning companies like Airbnb, Premier Mark McGowan mentioned: “That’s a big call.

“Obviously a lot of people have made business decisions in regards to Airbnb. And a lot of tourists that come to Western Australia use Airbnb to stay, so it’s a bit of a vexed question.”

FIRST MINISTERS NATIONAL CABINET
Camera IconWA Premier Mark McGowan’s authorities is exploring additional regulation of quick time period rental lodging. NCA NewsWire / Martin Ollman Credit: News Corp Australia

The drawback has prompted governments all over the world to manage quick keep suppliers.

Mr McGowan, whose authorities is already limiting the variety of nights a 12 months an funding property may be rented as quick keep lodging, mentioned extra adjustments may very well be on the way in which.

“We’re looking at regulating Airbnb, we’re looking at rules around it, and we expect to be introducing rules in the coming year or two,” Mr McGowan mentioned.

RENTAL MARKET
Camera IconPerth’s rental emptiness price is without doubt one of the lowest within the nation, at 0.7 per cent in February based on REIWA knowledge. NCA NewsWire / Jeremy Piper Credit: News Corp Australia

“It is a difficult issue to just say a certain type of investment is banned but we’re trying to build as many houses as we can as quickly as we can.

“There’s currently 30,000 houses being built in the private market. They just come on stream slowly, because so many are being built, that’s just the reality of what we’re dealing with.”

Mr McGowan, acknowledged the low rental emptiness price was on account of a “range of factors.”

Portugal made headlines earlier this 12 months when its authorities stopped granting new licenses for Airbnbs and different related companies.

Source: www.perthnow.com.au