Residents concerned with the noise and damage created by short-term accommodation have spurred the government to take a closer look at the issue.
Landlords and owner occupiers in Melbourne CBD apartments have voiced their concern over unruly parties and property damage linked to short-term rentals.
The Victorian government admitted that short-stay rentals can create a headache for neighbours forced to endure disruptive parties.
Consumer Affairs Minister Jane Garrett recently announced an independent seven-member expert panel to look at the issue.
She said the panel would look at reforms to better balance residents’ rights to quiet enjoyment of their homes with the rights of other owners to lease their properties as short stay accommodation.
Ms Garrett said noisy parties can be more than a nuisance, they can cause real tensions in apartment blocks when residents and investors clash.
“We understand that short-stay accommodation is an issue for some Melbourne apartment dwellers and the panel will look at how other cities cope, both around Australia and overseas,” she said.
“We need to find the right balance and the panel will take a common sense and practical approach to minimise disruption.”
The panel is expected to complete its work by the end of May before delivering a report to Ms Garrett.