A great news day for thousands of everyday Australians using Airbnb to earn a modest, supplemental income in New South Wales, Australia.
The Parliamentary Committee charged with the responsibility to recommend new laws to govern home sharing has today flagged a raft of fair and progressive measures across the state.
“The sharing economy is here to stay,” said Mark Coure, Chair of the Committee on Environment and Planning. “It is vital that we make it work in the fairest and most effective way possible so that we can enjoy the benefits without losing the things we value.”
Airbnb warmly welcomes the news as an indication New South Wales is serious about growing the visitor economy.
Airbnb’s Australian country manager, Sam McDonagh said “For a lot of Australian families, the opportunity to list their home on Airbnb makes a real difference. It’s a modest but welcome boost to the hip pocket for many.”
For the community in New South Wales, where the typical hosts makes just $4,463 a year by renting their space, this is great news. And while the average amount earned might not sound like a lot of money to some, our hosts tell us that they use this supplementary income to help pay off their mortgage, electricity bills and other daily expenses.
The announcement follows a Galaxy poll released earlier this week that revealed an overwhelming majority (85%) of New South Wales residents believe the government should support home sharing as a component of the tourism economy.
We are excited by the growing list of destinations that embrace home sharing, and we look forward to continuing to work with the New South Wales Government to implement fair home sharing rules that allow more people to share their extra space.
Fast facts on Airbnb in New South Wales
- Sydney is in the Top 10 list of Airbnb cities globally
- There are 17,000 listings in the Sydney area, and more than 33,000 listings in NSW.
- Airbnb hosts help their guests discover less-visited locales – 98% of hosts suggest local restaurants, cafes, bars and shops in their neighbourhoods to their guests.
- 82% of Airbnb hosts rent out the home they live in and the typical host earns $4,463 per year by renting 25 nights per year.
- Airbnb is complementary to the existing tourism industry in Sydney – almost 80% of Airbnb listings in Sydney are outside of the main tourist areas.