Does a 180-day cap on short-term rentals affect housing markets? Evidence from regional New South Wales

Zhenpeng Zou, Thomas Sigler, Alicia Rambaldi (), Elin Charles-Edwards and Jonathan Corcoran

Regional Studies, 2025, vol. 59, issue 1, 2506601

Abstract: With a strong post-pandemic rebound in domestic and international travel, debates regarding how best to regulate short-term rentals have surfaced as a key policy topic. This paper examines the dynamic causal impacts of a 180-day cap on short- and long-term rental markets in multiple regions in New South Wales, Australia. The analysis reveals a temporary reduction of active short-term rentals during the early implementation, which quickly dissipated. No evidence is found for the cap having any sustained impact on long-term rent levels. The results suggest that without effective enforcement, a 180-day cap alone may be insufficient to achieve policy objectives.

Date: 2025
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DOI: 10.1080/00343404.2025.2506601

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