Agents in Tasmania could see more first home buyer activity following the government’s introduction of a bill to impose a levy on short-stay accommodations and support the growing demographic.
The Tasmanian government has tabled a bill to the House of Assembly that would impose a 5 per cent levy on short-stay accommodation, with the proceeds to assist those looking to buy their first home.
The levy will apply to short-stay rentals listed on websites such as Airbnb and Stayz, while excluding traditional accommodation options such as hotels, pubs, or caravan parks.
It is understood that the levy could deliver around $11 million a year to the government, which would use the funds to assist Tasmanians with purchasing their first home.
The Liberal government said that the majority of the funds would be generated by tourism in the island, estimating that around 83 per cent of the anticipated revenue would come from mainland and international visitors.
Treasurer Eric Abetz said the levy would strike a balance between supporting the visitor economy, respecting property rights, and funding first home buyer programs.
He said in recognition of the feedback received through consultation, the bill now excludes short-stay accommodation in a dwelling that is also occupied by the owner.
“That means that if a home owner rents out a spare bedroom for short stays in their home, that booking will not be subject to the levy.”
“The levy will only apply to bookings made through a booking platform provider. Direct bookings with accommodation providers will not be subject to the levy.”
Abetz said the levy would be implemented no earlier than 1 January 2027 and would support the state’s first home buyer demographic.
“The Short Stay Levy is a measured, fair and transparent reform that ensures the benefits of short stay accommodation are shared more broadly across the community,” Abetz concluded.
The move follows a similar levy introduced in Victoria, with the measure also under consideration in NSW.
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