VRMA Administrator
The City of Melbourne Council on August 29 voted in-principle for new regulations on short-stay rental accommodation, including a days-per-year cap and an annual registration fee by February. Michael Fotheringham, managing director at the Australian Housing and Urban Research Institute, said the proposed reform was a “toe in the water" to boost housing availability. Sally Capp, the lord mayor of Melbourne, flagged an annual 180-night cap and a A$350 registration fee as the preferred regulation, arguing that the moves would not impact tourism due to the high number of hotel options available in inner Melbourne. But the Victorian Chamber of Commerce and industry argued that such a policy would disincentive tourists.
Guardian (UK) (08/30/23) Adeshola Ore
