Short-stay tax revenue must be spent here

The Committee for Frankston & Mornington Peninsula has written to Homes Victoria seeking clarity on whether funding generated from the Victorian Government's short-stay levy will be spent on housing projects across the Mornington Peninsula.

The Committee recently visited Parliament House in Victoria to meet with Senior Ministers and Shadow Ministers and raised key advocacy issues with both sides of politics, including housing.

The 7.5% short-stay levy will be applied on short-term accommodation across Victoria, with the Mornington Peninsula's bearing the brunt of the tax with 5,000 listings on airbnb alone.

With 25% of the revenue generated from this levy reserved for regional Victoria, the remaining 75% for metropolitan Melbourne is likely to be spent in key activity centres close to Melbourne's CBD. 

You can read the Committee's letter to Homes Victoria CEO, Simon Newport, here.