The tightening of the laws are more likely to have a serious impact on metropolitan areas, but the changes could be noticeable in regional cities, including Port Macquarie.

Licensee and strata manager with Strata Professionals Andrew Thompson says the majority of short term letting takes place in serviced holiday apartments in the Port Macquarie region.

"We have had a small few instances in multi density unit blocks where guests have not behaved in an acceptable manner and has disrupted the neighbouring units," Mr Thompson said.

"However, by and large, they are fairly isolated instances.

"But it only takes one or two of these unsavoury events in a building to mobilise the owners and, with the changes to the laws, it's now much easier to pass a by-law to prohibit short term letting through short-term holiday letting websites when the owner does not reside in the property.

"The vast majority of units in Port Macquarie, outside of the holiday complexes, are either owner occupied or leased to permanent tenants. 

"The overwhelming majority of short term letting takes place in the numerous serviced apartment (holiday) complexes which, in almost all cases, have an onsite manager who is responsible for the letting of the units.

"On that basis, Airbnb is not something we see a lot of in apartment blocks in the region."

Mr Thompson said accommodation listed on Airbnb in Port Macquarie were, generally, for freestanding homes or investment properties.

The new laws will certainly have a greater impact in cities like Sydney and Melbourne where this form of letting is rife and essentially unregulated, he said.

Port Macquarie-Hastings Council director, Melissa Watkins, says tourist and visitor accommodation within the local government area requires development consent before being able to operate.

“Council will continue monitoring short-term accommodation to ensure compliance with local regulations, and consider changes that may result from major reviews being conducted by the NSW state government,” she said..

Port Macquarie MP Leslie Williams said the reforms recognised the estimated #41 billion annual contribution of online booking platforms like Airbnb and HomeAway to the economy.

The reforms will stamp out party houses through a mandatory code of conduct, she said.

Mrs Williams said the plan also includes changes to the Strata Schemes Management Act, which will allow owners corporations to adopt a by-law, with a 75 per cent majority, preventing short-term letting in their block if the host does not live in the unit they are letting out.

"The mandatory code of conduct for online accommodation platforms, letting agents, hosts and guests would address impacts like noise levels, disruptive guests and effects on shared neighbourhood amenities," she said.

"The code will also include a new dispute resolution process to resolve complaints, and NSW Fair Trading will have powers to police online platforms and letting agents.

"Under the ‘two strikes and you’re out’ policy, hosts or guests who commit two serious breaches of the code within two years will be banned for five, and be listed on an exclusion register."