Media Release — “Everyone’s suffering” Taxing times for Vic short-term rentals as locals stay at home
Victoria’s tourism industry is struggling due to the cost of living crisis, property market challenges, and reduced travel by residents, leading to a slump in short-term rental bookings. While demand is slowly recovering with warmer weather, operators remain concerned about the upcoming 7.5% bed tax, which could further impact bookings and prices.
ASTRA has called for more sensible regulation, supporting a smaller levy and a statewide short-term rental register, as operators work to attract visitors with discounts and value-add offers amidst declining tourism numbers.
