Rents $130 a week over the national average

By 9 July, 2010 15

The Liberals’ Zed Seselja is pointing out new research showing just how high rental prices have come in this town of affordable housing plans:

The latest RP Data figures on rents in major cities shows the squeeze for housing continues in the ACT with rents increasing by four per cent in the last quarter to an average of $480 for a house – the second highest amount in the country, Leader of the Opposition, Zed Seselja, said today.

“This is further evidence that under Jon Stanhope and ACT Labor more pressure is being placed on Canberrans to find a place to live,” Zed said. “While most other justifications remained flat in the last quarter, the ACT’s average rents increased by four percent to $130 above the national average.

“A strangling of land supply, high taxes and poor planning processes under ACT Labor has lead to high prices for both buying and renting in the ACT. These latest figures confirm yet again that Jon Stanhope and ACT Labor are the only ones that believe Canberra is an affordable housing jurisdiction,” Zed concluded.

Just think of all the amazing things we could all be doing with that money?

Please login to post your comments
15 Responses to Rents $130 a week over the national average
#1
verbalkint12:50 pm, 09 Jul 10

The RP Data report actually seems to say that ACT rents went up by 2.1% – about half as much as Zed is claiming (http://blog.rpdata.com/). Now, that is still a lot of money, but how did he get his figures so wrong?

#2
JohnK2:13 pm, 09 Jul 10

I’m thinking of all the amazing things my landlord is doing with that money…

#3
jimbocool2:34 pm, 09 Jul 10

Yay, Zed is at last sticking it to the Chief Minister – pity it’s for the prize of “least well proofread media release”

“justifications” instead of “jurisdictions”
“lead” instead of “led”

#4
Diggety3:01 pm, 09 Jul 10

Probably because public servants are paid ~130/week too much.

#5
georgesgenitals4:05 pm, 09 Jul 10

jimbocool said :

Yay, Zed is at last sticking it to the Chief Minister – pity it’s for the prize of “least well proofread media release”

“justifications” instead of “jurisdictions”
“lead” instead of “led”

It seems the Modern Pube isn’t allowed to have decent English skills.

I must admit, though, your post would have been brilliant if you had used the word ‘poofread’.

#6
Erg04:20 pm, 09 Jul 10

“This is further evidence that under Jon Stanhope and ACT Labor more pressure is being placed on Canberrans to find a place to live,” Zed said.

I like this line better – I can kind of see what he’s getting at, but his phrasing implies that there’s some large pool of Canberrans that have, until now, been resisting the pressure to find somewhere to live. Damn that Stanhope and his anti-nomadic policies!

#7
bergamot4:51 pm, 09 Jul 10

JohnK said :

I’m thinking of all the amazing things my landlord is doing with that money…

Seriously are we going here again?

Paying land tax. Paying rates. Paying interest. Paying your water bill. Paying for your smoke detectors……

#8
georgesgenitals6:01 pm, 09 Jul 10

bergamot said :

JohnK said :

I’m thinking of all the amazing things my landlord is doing with that money…

Seriously are we going here again?

Paying land tax. Paying rates. Paying interest. Paying your water bill. Paying for your smoke detectors……

And slowly building wealth so that one day they can live a more comfortable lifestyle than they otherwise would. Which also means they’ll collect less welfare/pension, probably have private health care, spend more into the economy, and pay more tax.

#9
urchin8:27 pm, 09 Jul 10

oh yes, you poor negatively geared land speculators, erm i mean landlords. pay more tax my ass.

#10
Felix the Cat8:32 pm, 09 Jul 10

JohnK said :

I’m thinking of all the amazing things my landlord is doing with that money…

Buy your own place and be your own landlord…wait….but then you wouldn’t have anything to moan about on RA.

#11
yoyo239:19 am, 10 Jul 10

Felix the Cat said :

JohnK said :

I’m thinking of all the amazing things my landlord is doing with that money…

Buy your own place and be your own landlord…wait….but then you wouldn’t have anything to moan about on RA.

Yeah, do you also complain about all the other services you have to pay for, like a haircut?

Quick sums, $400K house, say, $350K interest-only loan @ 7% interest rate = $471 per week. Tell me you pay more rent than this for a house value the same.

#12
georgesgenitals9:29 am, 10 Jul 10

urchin said :

oh yes, you poor negatively geared land speculators, erm i mean landlords.

pay more tax my ass.

Most of them do, because they have more income to declare. Negative gearing isn’t the gravy train it once was, and this is one of the reasons there’s lots of pressure on rents.

#13
BimboGeek12:10 pm, 10 Jul 10

I can’t afford a haircut, I spent all my money on rent. I just cut my own hair with fabric scissors every few weeks and dye it brown if I need to look serious for some reason.

#14
Thumper2:08 pm, 10 Jul 10

Paying land tax. Paying rates. Paying interest. Paying your water bill. Paying for your smoke detectors……

Paying tax, paying mortgage….

There’s not a lot of incentive to have an investment property in the ACT unless you intend to hold onto it for a long time.

#15
Pork Hunt3:04 pm, 11 Jul 10

BimboGeek said :

I can’t afford a haircut, I spent all my money on rent. I just cut my own hair with fabric scissors every few weeks and dye it brown if I need to look serious for some reason.

If you ever want to change your hair style I have a Tupperware bowl you can borrow. It works a treat for that Blackadder look…

Advertisement
GET PREMIUM MEMBERSHIP
Advertisement

Halloween in Australia?

View Results

Loading ... Loading ...

IMAGES OF CANBERRA

Advertisement
Sponsors
Advertisement
Copyright © 2014 Riot ACT Holdings Pty Ltd. All rights reserved.