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How do large-scale restrictions affect the property market?
In this episode, Junge Ma delves into the implications of the new 7.5% tax on Airbnb properties introduced by the Victorian government on January 1, 2025. She explores how this tax could impact the rental market, particularly in Melbourne, where over half of Victoria’s 63,000 short-stay accommodations are located.
Junge examines historical data from Sydney and Byron Shire, where strict restrictions on Airbnb properties have been implemented. She discusses the effects of a 180-day cap on short-term rentals in Sydney and Byron Shire, revealing the impact of these restrictions on vacancy rates and rental listings.
By comparing these markets, she highlights the differences in how such regulations affect larger versus smaller markets, particularly focusing on the unit market versus the house market.
Listeners will gain insights into whether the new tax will lead to an oversupply of rental properties in Melbourne and how it may influence vacancy rates.
Don’t miss out on this valuable information that will help you navigate this policy change—click on this episode now!
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Disclaimer: The information provided in this podcast is general in nature and should not be considered as personal financial advice. The podcast host, guests, and contributors are not licensed financial advisors. Please seek professional financial advice that is tailored to your situation and circumstances before making any financial decisions.