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The Department of Mines, Industry, Regulation and Safety
Western Australian property market is experiencing a rental shortage, so there’s
never been a better time for owner occupiers to get extra cash by offering your
spare room or investment home for short-term renting. Before you list, here’s a
handy checklist to make the process easy.
popular online booking platforms are Airbnb, Stayz, HomeAway and FlipKey, but it’s good to do your own
research to find the short-stay accommodation provider that’s the best fit. Go
through all the terms and conditions to learn about the fees, features and fine
print. You can host renters, by having them live in your home, or give guests
exclusive use of your house or unit.
Government is looking into the regulation of short-term renting in WA and will
be introducing a new low cost, flexible registration scheme in future.
Currently the rules are made by local councils, but there are big variations, so
use this local government finder to find out:
It’s a great idea to put emergency procedures in place in
case of bushfire, cyclone or other disasters. A communications plan is helpful
to keep people informed during emergencies, especially travellers who may not
be familiar with the area, remembering that English might not be their first
care to make sure furniture and fixtures are safe is also important in caring
for your guests. Securing items that might pose a toppling hazard, fencing
pools and checking blinds and curtains are a few ways you can accident-proof
online booking platforms offer insurance, so check what the insurance actually
covers first. Your standard home or landlord’s insurance may not provide cover
for theft, damage or public liability - the Insurance Council of Australia has a great tool for finding
short-term holiday renting policies.
income needs to be declared in your tax return, so contact the Australian
Tax Office regarding
what records to keep - you may also be able to claim some deductions, so ask
about what you’re entitled to.
leasing out a room or property regularly, it might surprise you to know you’re
considered a “trader” under the Australian Consumer Law.
that guests are your consumers, and it’s important to be honest and accurate
with how you offer your renting experience. Make sure any advertising is
correct and gives a true overall impression of what to expect. It’s best to
include all relevant details and information.
buying a property and would like to turn it into a short-term rental, ask if it
is currently, or has in the past, been used in this way and what approvals have
already been met. It is prudent to contact the local government authority to
determine their requirements. And if selling a property used as a short-term
rental, ask the agent to include this point in the marketing, as it may be a
drawcard for some buyers.
Visit the Consumer
Protection website which has more short-term rental information.
To find out about the planned
registration scheme for short-term rentals in WA, visitthe Department of Planning, Lands and Heritage website.
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