Exclusive: Greens say new figures show government’s 7.5% levy on short-stay rentals won’t help fix the housing crisis
The Greens are setting the stage for a fight with the Victorian government over its proposed Airbnb levy, armed with new figures that show the measure will only make a “marginal” difference to the number of homes freed for renters.leased through platforms such as Airbnb and Stayz is expected to be included in the state tax bill, which will be tabled in parliament after next week’s budget.
To pass the measure – an Australian first – without the support of the Coalition, the government would need the votes of the four Greens MPs and two other crossbenchers in the upper house. “We want something that actually helps fix the situation for renters and people who want to buy a home to actually live in.”– said she wants the government to introduce stronger regulations for short-stay accommodation to coincide with the levy, including a 90-day cap on listings.
The PBO said the levy would make a “marginal” difference to property investor behaviour, particularly in areas such as the Mornington Peninsula and the regions, and to those who used their short-stay rental as a residence for part of the year.It said owners of short-stay properties in Melbourne’s CBD – where there is more competition – may be “less able to pass the levy on to consumers” and could have a “material incentive” to shift their properties to the long-term rental market.
Sandell said this could include making them available to long-term renters or selling to owner-occupiers.
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