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Victoria has confirmed a new tax on short-stay rental properties like Airbnb as part of a housing policy overhaul which includes rental controls and a crackdown on underquoting.
Buildings will be knocked down, then rebuilt and redeveloped while adding ten per cent more homes into the market when it comes to a social housing perspective.
The housing statement released today includes a new building monitor while providing greater powers for the Victorian Planning Minister Sonya Kilkenny to expedite projects across the state – taking powers away from councils as well as the tribunal in the state.
The housing statement also will give more rights for renters although it will not create any no rent caps or freezes.
For broader property surveyors out there on the market trying to find a property, the government is going to crack down on underquoting – a major problem in Victoria as many properties are worth above the advertised range.
