The City of Melbourne plans by February to bring in a $350 registration fee for short-stay accommodation providers and impose a 180-day-a-year cap on listings on platforms such as Airbnb and Stayz, to push more housing into the longer-term private rental market.
The governing council of Australia’s second-largest city voted on Tuesday to push ahead with a local law to govern the short-stay industry it says has 4100 listings, or 14 per cent of Melbourne’s total residential stock.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
