What is the current status re AirBnB lettings in strata buildings in NSW – Sydney in particular? – Stephen, NSW

Q: What is the current status re AirBnB lettings in strata buildings in NSW – Sydney in particular?

A: As of 10 April 2020, through changes to the Fair Trading Act 1987 and Strata Schemes Management Act 2015, NSW strata properties will now, via by-laws, be able to prohibit short-term letting in certain circumstances.

For this to be enforceable, the by-law needs to be agreed to by special resolution at a general meeting then registered with NSW Land Registry Services.

You can read more in our article Changes to Airbnb and short-term rental accommodation in NSW