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Richard Wakelin

What Airbnb levies mean for property investors

Victoria’s extra tax on short-term rents should have landlords rethinking their investment time horizon.

As Australia grapples with the rental crisis, there’s a growing push among state governments to transition property investors out of short-term rental accommodations to long-term arrangements.

The Victorian government has taken a major step, introducing a 7.5 per cent levy on short-stay accommodation such as Airbnb and Stayz – with NSW announcing it was open to following suit.

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Richard Wakelin is a founder of buyers' agent Wakelin Property Advisory.

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    Original URL: https://www.afr.com/wealth/personal-finance/what-airbnb-levies-mean-for-property-investors-20230928-p5e8ad