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Would a levy on short-term stays solve Australia's rental crisis?

Summary by Ground News
The Victorian government will charge short-stay platforms 7.5 per cent of their revenue. The government estimates the levy will raise about $70 million a year. The platforms have voiced concern at the size of the levy and at hotels escaping the charge. The Victorian government's move mirrors an international trend of increasing regulation of short-term accommodation.

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Would a levy on short-term stays solve Australia's rental crisis?

Will taxing short-term stays boost long-term rental supply or could other policies provide more benefits?

·Sydney, Australia
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SBS News broke the news in Sydney, Australia on Saturday, September 23, 2023.
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