A report prepared by council officers detailed in meeting agenda documents ahead of Tuesday’s meeting states that the economic costs of short-term rentals “likely outweigh the benefits”.
“These costs include rising housing costs, less-reliable payment of city taxes compared to hotels, negative impact on employment, and a worsening of the affordable housing crisis,” it reads.
Melbourne’s Lord Mayor Sally Capp says tourists can use the plethora of new hotel rooms opening up in…
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