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Could a tax against empty homes help end Australia's housing crisis? (www.abc.net.au)

submitted 2 years ago by [email protected] to c/[email protected]

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My first instinct is "yes" but then I thought about it and I think it's just going to exacerbate the short-stay problem unless combined with other measures.

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[-] [email protected] 5 points 2 years ago

Yep. Can't dodge it, encourages productive use. The only thing is it might push more properties towards airbnb unless you tax that more to make it less profitable.

[-] [email protected] 1 points 2 years ago

Outside of holiday towns I don't think AirBNB is actually an issue it's such a small percentage of properties that it's really just marginal. Arguably they get a small subsidy for paying residential rates but most the time it's an apartment that gets the minimum rate so effectively a hotel is paying less.

In holiday towns it's similar but arguably they cause more dramatic spikes in rent but overall it should be similar. Tourists are also generating a lot of revenue and jobs so would you rather low rent but no jobs or higher rent but a competitive job market?

this post was submitted on 20 Jul 2023

127 points (99.2% liked)

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