NSW Eyes Victorian Short-Term Rentals Levy to Tackle Housing Crisis

Three tax models have been proposed to ‘incentivise’ investors to convert their properties into long-term rentals.

The logo for US rental site Airbnb is displayed in its Tokyo press conference on June 14, 2018. Toshifumi Kitamura/AFP/Getty Images

The New South Wales (NSW) government is considering imposing levies on short-term rentals and holiday homes to deal with the severe housing crisis in the state.

This comes as Australia’s most populous state is seeing an alarming number of young people move to regional areas or other jurisdictions due to unaffordable housing prices.