The Victorian Greens are pushing new Airbnb reforms that would allow local governments to regulate and even ban short-stay accommodations, a move that could have significant implications for property investors and homeowners across the state. These changes, part of the Short Stay Levy Bill 2024, are being celebrated by Greens councillors and candidates who claim that these measures will help address the housing crisis.

However, from PICA’s perspective, these reforms represent an overreach that could unfairly target property investors and restrict their ability to manage their assets. Limiting the number of nights a property can be used as a short stay, imposing additional fees, and requiring permits could create unnecessary bureaucratic hurdles and deter investment in the housing market.

Gabrielle de Vietri, the Victorian Greens Renters’ Rights spokesperson, and other Greens leaders argue that these measures will free up housing for renters and first-home buyers. But the reality is that these regulations could reduce the flexibility for property owners and potentially stifle the supply of short-term rental options, which are vital for tourism and local economies.