The world is a noisy place, but some are willing to live in it.
That’s why there’s a booming market for rent-to-own and short-term rentals.
Some of these platforms operate legally and others are not.
What you need to know about the two main types of rental platforms.
Short-term rental companies are not regulated by the Competition and Consumer Act, which means they can operate freely.
Some, like Airbnb, are licensed to operate, while others are licensed for a fee, but not allowed to charge extra for use of their services.
While some are based in the US, others are based overseas.
The key to understanding these platforms is understanding their legal status.
In this guide, we’ll explore the legal framework of short-terms and long-term properties.
If you need help deciding between the two, check out our short-tenancy guide.
What is a short-stay property?
In Australia, a short term rental is defined as a short period of time between the start of the tenancy and the date of the rental agreement.
This is commonly referred to as a “short period”.
A short-lived property is a property that has been in existence for less than 24 hours and is not currently occupied by a tenant.
Some examples of short term properties include a holiday home, a motel, or a house that has not been occupied for at least 24 hours.
For a full list of short lived properties, go to the Short-Term Renters Guide.
What are the two most popular short-duration properties?
A number of short duration rental platforms exist, including Airbnb, Gumtree, and Bespoke Group.
Airbnb’s short-time rentals are often advertised in the media, while Gumtree’s offerings are less widely known.
Bespokes Group is the leading short- term rental platform in Australia and offers both a short and long term rental.
While many of these companies are based outside Australia, some are licensed in Australia.
Here’s what you need a quick look at.
Short term rentals are generally cheaper than the long term rentals listed on Gumtree.
However, GumTree’s listings are generally less than a week old.
The best long-stay rentals are listed in the Gumtree listings, and they usually come with a deposit of between $250 and $500.
While Gumtree is not required to charge an extra fee, some platforms do.
You’ll find the most detailed information about each platform on the Short Term Renters’ Guide.
Are there other types of short to long term properties?
Yes, there are other types and some are legal.
The short term rentals mentioned above are legal because they’re short-lasting.
A legal short- stay property is one that is rented for less then a week and is rented out within the same week.
It is not legally required to pay any rent and can be used for the entire length of the duration.
A short term property is considered to be a rental property for the purposes of the Fair Trading Act.
This means that it can be sold at any time and no further charges will be made.
A more comprehensive list of legal short term leases can be found in the Fair Trade Guide.
If a property is short-listed by an agency, it can’t be used as a property.
Short duration properties are often listed in online forums, or on other sites that have been created to advertise the properties, but are not licensed in the way that a licensed property is.
If there is a need for a short stay property to be rented out, Gumleys and Beds can be rented for short periods.
Gumlears can be short-toed, long-toe, or even long-tailed, depending on the property.
Beds are often used to short-list properties.
A Gumlear can also be used to rent out a property for short- to a long- term, but the term is not a requirement.
The term is a convenience to the buyer and allows for a shorter lease.
Gumtree and Bens listings can also advertise the property for a fixed term.
For example, if you buy a Gumtree listing, you can rent out the property out for one month, but then need to move again.
The buyer is given a fixed price, but this is not the case for Bens.
There are also many online short term booking platforms, such as Gumtree Vacation, and it’s recommended that you contact them before you buy.
This may involve asking about the duration of the property, but there are some online booking platforms that allow you to book accommodation for a certain number of days.
There’s no guarantee that you’ll get to stay there.
Short time rentals and short term houses are usually the cheapest options, but a property can be long-lasting and may need to be resold.
A house is a type of shortterm rental property that can be bought out in a matter of weeks.