One other point to consider is the Residential Tenancy Act. If you have a building zoned Residential then occupation must be in accordance with the Residential Tenancy Act.
Last month, in NSW, the NCAT ruled that short-term Tourist/Visitor AND Airbnb Agreements were not Resident Tenancy Agreements. In fact the NCAT Member was bemused as to why he was being asked to issue an Order as, in his words, the Act was crystal clear – it was obvious that these weren’t Residential Tenancies.
The NSW Land and Environment Court has judged that Residential tenancies and short term lettings aren’t compatible. And they sure aren’t, having had tourists/party groups all over and through our Residential building.