Victoria to impose short-stay accommodation tax from 2025

Victoria has become the first state in the country to enforce a levy on short-term rental properties found on platforms like Airbnb.

In this photo illustration a AirBnb logo displayed on a smartphone with programing code on the background. (Photo by Omar Marques / SOPA Images/Sipa USA) *** Strictly for editorial news purposes only *** Credit: SOPA Images/Sipa USA

Premier Daniel Andrews says the 7.5 per cent levy will help address the state's housing crisis. The levy is expected to raise $70 million a year from 2025 onwards.

He also announced the state is committed to building 800,000 homes over the next decade.