Insight
The proposed levy could potentially generate almost AUD$50 million annually for homelessness services in NSW.
Homelessness NSW calls for 7.5% levy on short-term rentals
Summary
Homelessness NSW proposes a 7.5% levy on short-term rentals to fund homelessness services, potentially raising AUD$50 million. The state faces a significant disparity between STR listings and available long-term rentals, especially in coastal areas.
Key takeaway