Proposed changes to NSW planning system do not go far enough to weed out avenues for corruption and potentially introduce new vulnerabilities, according to the NSW Independent Commission Against Corruption.
When strata owner Dr Anne Davis noticed rain blowing through a gap in the sliding doors of her home, she asked the owners corporation to repair them. They refused – and what followed was a titanic four-year legal battle, with multiple experts’ reports and two tribunal hearings, to force them to maintain the complex’s common property.
Despite a recent Airbnb commissioned report showing the average income for Australian hosts was under $5000, detailed analysis by analytics company Airdna showed the estimated revenue for a spare room in Perth was $11,604 in the year to March. Alan and James Moody are Perth’s most successful Airbnb hosts, according Airdna, with their Ascot mansion returning an estimated $92,143 a year.
Property developers are running roughshod over owners corporations to benefit their own interests and for their own financial gain, a government law review has been told. In some cases, developers have signed expensive contracts to extend decades and have strong armed themselves onto committees for life, one submission claims.
For the past eight years property developer Dyldam, one of the largest apartment builders in the country, has been a major sponsor of Hadley's program. It is believed that Hadley's decision to end Dyldam's sponsorship followed a flood of complaints by angry subcontractors who have been stung by yet another "collapse" of a Dyldam-related company.
Airbnb watchers were left hanging on Wednesday when long-anticipated proposals for new legislation on short-term holiday lets were put on hold by the NSW government. Instead of making their position on short-term letting clear, the government stepped back from a parliamentary report and its recommendations that would have allowed a massive increase in short-term holiday letting in apartment blocks.
In a world first, Australia's peak accommodation body, Tourism Accommodation Australia (TAA), and Stayz, the largest Australian short-term rental platform, announced that they have struck a common position on regulation of the short-term accommodation sector in New South Wales.
Apartment residents who have had enough of noisy neighbours, overbearing strata committees and reckless renovators are being urged to brush up how to be the model apartment dweller to help create better high-density living in Sydney.
The Airbnb vs owners debate is only going to get more intense. On the one hand we have an aggressive, revenue-dominated multinational with a large advertising budget and a strong intent to lobby government. Their opponents are fragmented, but there's a core of dedicated, battle-hardened strata advocates who are adept at trench warfare and have good relations with government.