Airbnb
6th Jun 2018

Owners Corporations in Melbourne may be looking at their Sydney counterparts with some envy after the New South Wales government announced a raft of short stay reforms this week. The NSW government is set to impose a 180-day cap on the number of days empty properties can be rented in Sydney, as well as giving Owners Corporations the power to ban Airbnb in their buildings. The cap would only apply to Sydney and ...

28th Mar 2018

Sydney Council Backs Owners Corporations in AirBNB battle. The City of Sydney has sided with Owners Corporations in the battle to control the use of short-term stay services like Airbnb in residential buildings. Having originally backed an open model for Airbnb regulation within residential apartment buildings, in which owners would be allowed to use their apartment as they see fit, the Sydney city council has now changed its tune. Like Melbourne, the majority ...

26th Feb 2018

Airbnb data highlights need for government leadership Alarming new data has heightened the concerns of apartment owner-occupiers across Melbourne with respect to Airbnb and other short-stay leasing in the Victorian capital. As it stands, Owners Corporations are relatively powerless to make and enforce rules with respect to short-term leasing in their buildings. Even leading Strata lawyers have urged caution from Owners Corporations considering taking legal action to prohibit lot owners within their buildings ...

16th Feb 2018

Owners Corporation Should Think Twice Before Battling AirBNB In Court Leading Strata lawyers have warned Owners Corporations against challenging short-team leasing within their buildings. The spat between Owners Corporations and their members who use their private lots for short-term leasing on online platforms such as AirBNB. Across the country, there have been examples of Owners Corporations drafting by-laws or rules banning short-term letting, only to be dismissed in the courts. As the Victorian ...

7th Feb 2018

What does your Owners Corporation insurance cover? Your Owners Corporation’s strata insurance policy covers you for a lot of things. As set out in the Owners Corporation Act (VIC) 2006, Owners Corporations must take out insurance to cover all buildings on the Plan of Subdivision. These policies typically cover the building structure on behalf of all owners within any given Owners Corporation. Generally speaking, most strata insurance policies cover material damage as a ...

30th Jan 2018

Airbnb in apartments - where do Owners Corporations stand? As Airbnb and other short-term rental platforms continue to see a massive increase in popularity and use, Owners Corporations around Australia are looking for answers. For individual lot owners, there are a lot of positives that go along with leasing through Airbnb or another similar platform. Higher returns as opposed to more traditional six or 12-month leases and better cashflow are just two reasons ...

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