The Victorian State Revenue Office (SRO) has introduced a 7.5% short stay levy on certain short-term accommodations in Victoria, effective 1 January 2025.
Key Details of the Short Stay Levy:
The primary objective of this levy is to encourage property owners to make more properties available for long-term rentals, thereby addressing housing shortages. The revenue generated is intended to support social and affordable housing initiatives.
Please reach out to the team at Mulcahy & Co Legal using the details found here if you have any questions about the contents of this blog post.
For more information about any of our services or to speak to one of our qualified experts, please fill out the form and we'll get back to you as soon as we can.
Don't forget, you can also find us on our social media channels below.
Thank you for contacting us. We will get back to you as soon as possible.
Oops, there was an error sending your message. Please try again later.
Mulcahy & Co acknowledges all Aboriginal and Torres Strait Islander Traditional Custodians of Country and recognises their continuing connection to land, sea, culture and community. We pay our respects to Elders past and present.
Liability limited by a scheme approved under Professional Standards Legislation - A MEMBER OF LAW AUSTRALIA
Australian Financial Services Licence No. 340094
Mulcahy & Co Financial Services Pty Ltd is a credit representative (397076) of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit Licence 391237)