Victoria to unveil new measures to address state's housing crisis

ABC NEWS (Australia)

The Victorian government is set to unveil a new suite of measures to address the state's housing crisis. Airbnb's are likely to be slugged with a new tax while developers will get new incentives to build social housing.

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00:00 There seems to be a whole raft of measures to be on those, the ones you've just mentioned,

00:05 the new levy on short-stay accommodation and those incentives for developers.

00:08 We're also seeing the potential for major reform of the planning process.

00:13 The government potentially looking to take away power from some local councils and to

00:18 fast-track development approvals for major developments with a look to increase density

00:22 in Melbourne, as well as changes, as you mentioned there, some incentives for developers to include

00:27 more social housing.

00:30 And what we will find out in an hour is exactly what goes into this major housing package.

00:36 But the headline is what you led off with there, the short-stay accommodation tax.

00:40 Premier Daniel Andrews saying that there are thousands of properties across Victoria that

00:45 are in the short-stay market right now that could be shifted into long-term rentals or

00:50 sold to owner-occupiers.

00:52 The government seriously considering a new tax, potentially up to 7.5% on the likes of

00:57 Airbnb or stays properties, hotels not expected to be a part of that.

01:03 Those platforms have pushed back against some of those proposals, saying they don't think

01:06 it'll address the serious issues of housing affordability and the rental crisis here in

01:12 Victoria.

01:13 But exactly what does make it into the final package?

01:15 We'll have to wait and see.

01:16 [BLANK_AUDIO]

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