Victoria will impose short-term accommodation tax from 2025

Victoria becomes first state in Australia to impose levy on short-term rented properties found on platforms such as Airbnb

Short-term rented properties found on platforms such as Airbnb Source: Getty, LightRocket / Rafael Henrique/SOPA Images/LightRocket via Getty Images

The levy is expected to generate $70 million a year from 2025 onwards.

The initiative is intended as a financial disincentive for landlords and investors from putting their properties into the long-term rental market.

It is also seen as a way to use the success of this platform to fund new housing developments.

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