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[Jimmy-T]

As international travel opens up again, and we await the next tourism boom, it’s residential renters who will pay the price of uncaring “sharing” when
[See the full post at: Holiday lets: A national solution to state crises]

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[Jimmy-T]

A quick update on my roundup of what’s happening – or, more to the point, isn’t happening – to curb the excesses of holiday let guests in Australia, specifically Victoria

Melbourne action group welivehere.net reports that in three years there has not been one single action taken by VCAT against disruptive “party flats” even though reports of drugged-up, drunken guest, strippers and sex workers roaming the corridors in residential flats are numerous and well documented.  In short, it’s all just window-dressing.

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[Jimmy-T]

Just got this herogram from Dr Keith Sutor of http://www.globaldirections.com.au and TV Sunrise fame.

Brilliant article on Airbnb and the rental crisis! Thank you.

Nothing beats a little positive affirmation in the morning.

 

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[Listohan]

Governments are quick to find (often counterproductive) legislative remedies to problems in the rental market. Unlike GST, the land tax component in rent is not disclosed to tenants. But the tax still intrudes out of sight as government becomes the silent partner in the transaction often as the biggest single annual expense.

Your podcast conversation on holiday lets suggests investors are coming back into the residential letting market and restraining Airbnb and rent bidding is “the solution”. https://www.pexa.com.au/content-hub/ suggests times are not that rosy. And how can the rental market cope with increasing land tax which is sometimes in excess of the GST equivalent of the rent without distorting the market in favour of owner-occupiers?

So called anti-landlord legislation does not affect most landlords but land tax bracket creep must be impacting those thinking of entering the market. given the siren call of super concessions.

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