Shocking! Airbnb Short-term Rentals Are Dead! This Time Melbourne [016]

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Victoria's Melbourne Debt Repayment Wave Continues
Once Again, Targeting Real Estate Investors
This Time It's Airbnb
New South Wales and Queensland Might Follow Suit
How Should Real Estate Investors Adjust Their Strategies in Response to the Crackdown?

That's right, it's Melbourne again. After reducing the land tax threshold and cracking down on real estate investment, the Victorian government has made another significant move. This time, the focus is on cracking down on Airbnb short-term rentals. Not only do landlords need to be licensed to operate, but they also have to pay an annual review fee and an additional short-term rental tax. This further squeezes landlords' profit, if any, when dealing with high mortgage interest rates. As a result, they may eventually have no choice but to sell their properties, increasing the supply of properties for sale and putting downward pressure on property prices. What exactly is this policy, and how will it affect real estate investors? Will New South Wales and Queensland follow Victoria's lead and tighten the short-term rental market? How should we, as investors, respond?

00:00 Shocking! Airbnb Short-term Rentals Are Dead! This Time Melbourne
01:02 Melbourne's Crackdown on Airbnb
04:45 Short-term Rental Levy (Holiday Tax)
07:54 The End of Airbnb in New York
10:19 Aussie Property Strategy Perspective
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