Jimmy’s comments about parasites is absolutely ‘on the mark’. Living in a property where approximately 55 or 163 residential lots are leased short-term is unpleasant and expensive in the extreme.
Councils don’t have the funds or staff to actively ‘police’ the situation – it’s up to resident owners to complain to Council and work with them in order to erradicate the blight from a building.
The bottom line is that short-term letting in a building zoned Residential is Non Compliant. Your building insurance is almost definitely compromised and you have unlimited liability. This could mean: losing your home, all the monies in your bank account, your superannuation funds, all your other assents.
Is it worth it?
Get active and start working with your Council and campaigning against this practice now!