Melbourne Lord Mayor Sally Capp says the council is considering charging short-stay accommodation providers a yearly $350 registration fee as well as imposing a 180-day cap as it looks to push more properties into the long-term rental market.
The City of Melbourne has 5000 homes or apartments listed on Airbnb, according to open-source database Inside Airbnb, and Ms Capp says this means fewer homes for workers and students who want to live in the city.
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Gus McCubbing is a markets reporter in the Melbourne newsroom. He was previously the Australian Financial Review’s Victorian political correspondent. Connect with Gus on Twitter. Email Gus at gus.mccubbing@afr.com