Accommodation facilities that are commercial in nature (such as hotels, motels, hostels and guesthouses) are considered to be developed commercial property. Accordingly, acquisitions of interests in such facilities valued below the relevant monetary threshold are exempt.
This includes acquisitions of individual dwellings within these accommodation facilities, where they are part of the hotel, motel, hostel or guesthouse (not just physically located within the property). For example, the acquisition of a hotel room in a strata titled hotel where that room is managed by the hotel operator (that is, it is part of the hotel) is considered to be developed commercial property, but the acquisition of a unit in a hotel building where that unit is owner-occupied or rented out privately by the owner (that is, it is not part of the hotel) is considered to be residential property.
Properties which are not accommodation facilities (such as holiday homes) are considered to be residential. Accordingly, acquisitions of interests in these properties are subject to the same notification requirements and eligibility criteria as other residential real estate.
Further details are provided for the following categories:
Who is exempt?
Refer to Exemptions for acquisitions which do not require notification and approval.
How to Apply
For information on how to apply (including application forms), please see How to Apply.