Short-term holiday stays are taking over the housing market, making long-term rentals harder to find. The Victorian Greens have called on the Andrews government to go further and introduce a 90-day cap.Ī similar, “tourism tax” has been introduced in cities overseas, where a small payment is added to an Airbnb guest’s bill in certain tourism hot spots each night to funnel money back into local communities’ infrastructure. In November 2021, the NSW government introduced regulations to limit the time a property can be on the market to 180 days a year. Sydney’s new listings fell by 17 per cent in April and 5.1 per cent in the past year while Melbourne dropped by 20.8 per cent in the past month and 17.9 per cent in the past year, according to PropTrack.Īnd the rental crisis may only get worse if Airbnb remains as lucrative an option for landowners as it has been without stricter regulation. Perth is not far behind, at 0.4 per cent in April. Meanwhile, Adelaide has the tightest rental market with just 0.3 per cent vacancy. The only capital city to have rental vacancy above one per cent is Canberra, at 1.6 per cent.

The calls come as Victorian renters face an extremely tight rental market, with vacancy rates reaching a record low of 0.8 per cent in Melbourne in April – which is one of the better rates recorded across the country – and as new rental listings dropped by 18.9 per cent. A map of the 4789 Airbnb properties in Victoria's Mornington Peninsula.

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