In this episode, host Steve Fitzsimon is joined by MRE’s Senior Business Development Manager, Memphis Middleton, to unpack Victoria’s new 7.5% short-stay levy and its potential impact on Melbourne’s rental landscape. Starting 1 January 2025, the levy applies to platforms like Airbnb, with revenue earmarked for affordable and social housing initiatives.

Steve and Memphis explore the implications for property owners, particularly those relying on short-term rental income. Will the levy incentivize a shift to long-term rentals, or are there hidden challenges ahead? They discuss whether this measure can effectively address Melbourne’s rental crisis and what additional steps might be needed to create meaningful change.

Memphis also shares insights from working with property owners transitioning to long-term leasing and explains why MRE is  ...