The Victorian government, like many governments around the world, has announced new regulations on short-stay accommodation. The government says Victoria has more than 36,000 short-stay places, which are reducing the number of homes available for long-term rental.
Other states have capped the number of nights a dwelling can be used for short-stay accommodation. The Victorian response has been to introduce a levy set at 7.5% of the short-stay platform’s revenue.
The rationale appears simple – adding a charge to discourage landlords from converting properties from long-term rentals to tourist accommodation.
