Could a vacancy tax solve Australia's housing crisis? Canada might have the answer
www.abc.net.au
In 2018, Canada's British Columbia introduced a tax against vacant homes. Three years later, more than 20,000 rentals were back on the market.

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.

  • veroxii@lemmy.world
    3·
    1 year ago

    It’s already everywhere. Places like Wollongong and Newcastle have the same housing issues as Sydney. Sometimes even worse. And even further out to places like in the Maitland and Cessnock council areas people can’t afford rent anymore. And every new vacancy has hundreds of people showing up.

    In fact local people are suffering more as cashed up Sydneysiders are swooping in paying the “cheap” rents which are already double what they were pre covid.