Sydney’s housing crisis is hitting hard, with short-term rentals like Airbnb fueling the problem by snatching up homes that could be long-term rentals. Councils are stuck without data to enforce rules, while Homelessness NSW pushes for a 7.5% levy on these platforms to fund housing support and free up properties. The City of Sydney is even eyeing a ban in high-concentration zones—potentially bringing 5,000 units back into the rental market. Meanwhile, the state government’s stalled regulatory review leaves local councils scrambling for transparency and action as they fight to balance tourism with the urgent need for affordable housing.
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