Exclusive: 45,209 rentals now registered as minister prepares to review proposed annual limits
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The number of properties listed as short-term rentals across New South Wales has surged by 42% since 2021 to exceed 45,000, with the state’s planning minister to review proposed annual caps later this year.
Paul Scully said his department would interrogate the calls for 60-day caps, amid pressure from mayors to allow councils to set their own limits to deal with the rise in listings that they say is adding to the statewide housing crisis.
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Continue reading…Exclusive: 45,209 rentals now registered as minister prepares to review proposed annual limitsFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastThe number of properties listed as short-term rentals across New South Wales has surged by 42% since 2021 to exceed 45,000, with the state’s planning minister to review proposed annual caps later this year.Paul Scully said his department would interrogate the calls for 60-day caps, amid pressure from mayors to allow councils to set their own limits to deal with the rise in listings that they say is adding to the statewide housing crisis.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…