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?
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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?
I’m thinking of all the amazing things my landlord is doing with that money…
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”
Probably because public servants are paid ~130/week too much.
jimbocool said :
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’.
“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!
JohnK said :
Seriously are we going here again?
Paying land tax. Paying rates. Paying interest. Paying your water bill. Paying for your smoke detectors……
bergamot said :
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.
oh yes, you poor negatively geared land speculators, erm i mean landlords. pay more tax my ass.
JohnK said :
Buy your own place and be your own landlord…wait….but then you wouldn’t have anything to moan about on RA.
Felix the Cat said :
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.
urchin said :
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.
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.
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.
BimboGeek said :
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…