Housing crisis prompts NSW councils to appeal to investment property owners to switch to long-term leasing

A New South Wales mayor will question holiday getaway rental residence owners to think about leasing to permanent tenants in a bid to tackle the housing crisis.

Shoalhaven Mayor Amanda Findley’s move follows the achievement of the same tactic in the neighbouring Eurobodalla Shire, wherever 50 residence homeowners have agreed to switch to extended-expression leasing.

Ms Findley reported domestic tourism had slowed down in the area for the reason that persons were being selecting to holiday break abroad all over again.

She explained the shift was probable to have still left some investment dwelling house owners without the need of a stable money.

“We’ve had a silent winter in the Shoalhaven and comprehensive-time tenancy is a very good option for persons who individual a second residence, specifically as we see international flights choosing up pace all over again,” Ms Findley said.

“We are not in the exact same variety of financial ailments as we ended up 18 months back when it will come to domestic travel.

Countless numbers of empty residences

Census knowledge from 2021 shows there are 12,794 homes sitting vacant in the location. 

An world-wide-web research indicated that a lot more than 600 properties in the Nowra location ended up obtainable for small stays, even though only 76 had been readily available for for a longer period-term renting.

Of all those, only five had been offered for significantly less than $350 for each week.

A report launched earlier this calendar year by the College of NSW and the Australian Council of Social Service confirmed that about 70 for every cent of men and women in the federal electorate of Gilmore, which will take in the Shoalhaven and Eurobodalla community federal government parts, had been encountering rental anxiety.

The Shoalhaven Homeless Hub said about 100 men and women came via its doorways each week and that it had been viewing 50 new customers just about every month.

Nowra disaster lodging help charity Salt Care is already leasing houses from expenditure home homeowners and subletting them to homeless persons.

Main govt Peter Dover stated there were 30 residences in the system but identified as on all ranges of govt to action in and provide far more incentives for residence house owners to look at this type of lease.

“There could be tax aid or charge reductions or a thing, so that we could say, ‘Hey, we are taking tension of you as a household owner because we want to really encourage this social effect on the housing sector,'” he reported.

Ms Findley reported she would sit down with Eurobodalla Mayor Mathew Hatcher and Mr Dover to workshop the greatest way ahead in the coming weeks.