What Are The Short-term Rental Accommodation Policies in Sydney?

• 180-day booking cap (with an exemption for bookings 21 days or longer)
  For properties where the host is not present on the premises (non-hosted STRA) and located in Metro/Greater Sydney and several regional local council areas, the dwelling can be rented on a short-term for up to 180 days per year. 
•  Residents can let their premises as a short term rental without the need for council approval, provided they meet the exempt development requirements.
• All hosts must comply with the fire and safety requirements and agree to follow the NSW Fair Trading Code of Conduct for the STRA Industry.
• Hosts are required to pay a registration fee of $65 for the first 12 months and an annual renewal fee of $25.
• Local residents will be restricted on the number of days they can use their premises for short-term lets.

Is Sydney A Profitable Area to Invest In?

If you’re worried about spending thousands of bucks to purchase a property, the good news is you don’t need to! Property investors and hosts prefer to do rental arbitrage in Australia since this does not require owning a property. Based on statistical data for Sydney, the rental population in this area is 48.65% with a steady rental yield of 3%.

By using an accurate short-term rental calculator, you’ll be able to confirm if Sydney is a good place for investment! It’s important to know your estimated annual revenue and high-return investment opportunities in Sydney – and with Airbtics, it shouldn’t be a difficult task at all!