The City of Sydney will investigate possible restrictions on Airbnbs and short-term rentals in some inner-city suburbs, amid ongoing concerns about housing affordability and supply.
A notice of motion last week called for a review of existing short-term rental rules following concerns that the current cap of 180 days per year for non-hosted short-term rentals in Greater Sydney was not being adequately enforced.
The review will look at introducing time-limited bans, such as for two years, and what triggers should be in place to enact a ban, for example when rental vacancy rates fall below 3%.
The motion also explores opportunities to implement a ban on specific suburbs, including, but not limited to, Millers Point, The Rocks, Darlinghurst, Woolloomooloo, Ultimo, Haymarket, Kings Cross, Surry Hills, Potts Point, Chippendale and Pyrmont.
