Topic: Commonwealth Rent Assistance and CPI comparison
Senator Ludlam asked:
As rent assistance is pegged to the CPI and not median rent prices, how do median rental prices for each state and territory (metropolitan figure) compare with the rises in CPI?
There is some variation in the median rent increases for three bedroom houses among the different capital cities. The variation between 1999 and 2009 is reflected in percentages in the table below.
Real increases to median weekly rents for 3 bedroom houses between 1999-2009