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Annual rental cap comes into effect in Byron Bay
Reading Time: 2 minutesAustralia: The Australian coastal town of Byron Bay in New South Wales, as well as the wider region of Byron Shire, have begun the enforcement of 60-day annual caps on unhosted short-term rentals.
Seaside hotspot residents in Australia out-priced by Airbnb renters
Reading Time: 2 minutesAustralia: Wealthy tourists could be forcing seaside hotspot residents out of their homes as Airbnb provides investors with healthy income streams. The CEO of RiskWise Property Research, Doron Peleg, warned long-term renters were also being impacted in areas such as Byron Bay as they were unable to pay the same rates as short-term letters. Peleg […]