Brisbane Times – Fireworks as strata owners launch fighting fund to keep short-stay rentals out

December 29, 2016
As Sydney readies for its biggest balcony-busting night of the holiday rental year, a group of high-powered apartment owners has launched a fighting fund to keep short-stay lets out of residential apartment buildings. The group claims most owners don’t want short-stay lets in their buildings. It has raised $60,000 in donations and is now preparing for a bitter fight for the right to stay “residential-only”. Airbnb hosts are able to charge more than $1000 a night over the New Year’s Eve weekend, and are reluctant to give up this income…
Source: http://www.brisbanetimes.com.au/nsw/fireworks-as-strata-owners-launch-fighting-fund-to-keep-shortstay-rentals-out-20161229-gtjaxf.html