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01/05/20

22:16

Post #: 44390920
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Originally posted by sydneyguy: ↑

ayy Trent

just a side note following on from the article you posted

Another reason for a surge in expected listings from the short term rental stock imo- (well at least from here in NSW) is finally (taken well over a decade) some protection has been passed at least strata title property

New strata laws in NSW allow for strata owners to pass enforceable by- laws to ban the practice of short term rentals if they chose.

If they pass a by law the absent investor cashing in wont be able to short term airbnb etc

. Owners occupiers will be able to under certain circumstance but the large investor base infiltrating and turning residential strata blocks into short term hotels have a potential problem as the body corporate now has the power to ban the practice if they chose.

This has the potential to drive alot of listing for long term rent or sale imo

bloody overdue, i funded a case to protect my secretary and a bunch of old ladies putting up with bachelor parties in a big block in 2005 but lost as council allowed it

AIRBNB then came on the scene a few years later and many a building has been trashed by absentee investors trying to cash in on high overnight retails in well positioned apartments at the expense of the owner occupiers.

Anyhoooooooo, gold rising, maybe time for a squeeze?

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3 steps up, 1 step down. This is just a healthy pullback in a bull market.
It will be good to see a little consolidation at these levels.
7 Upvote

0 Great analysis

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