The Victorian government is set to implement a 7.5% tax on short-stay accommodations listed on platforms like Airbnb and Stayz, beginning January 1, 2025, while allowing local councils and owners' corporations to restrict or ban such rentals. The legislation aims to raise approximately AU$60 million annually to fund social and affordable housing initiatives. Notably, primary residences, hotels, motels, and caravan parks will be exempt from this levy. Critics, including Airbnb, argue that the tax is too high and could deter tourism, while the government maintains it will help balance housing needs. The reforms also empower local councils to regulate the number of short-stay properties and the days they can be rented out. Overall, the government hopes these measures will encourage investment in long-term rentals and improve housing availability in Victoria.