RENTS CONTINUE TO RISE IN THE ACT

The latest Domain Rental and House Price Report shows the median weekly rental price for a house in the ACT reached $500 in December 2016, up 7.5 per cent from the previous year. The rental price for an apartment has also jumped over the year by 7.7 per cent to $420 a week. Leader of the Opposition Alistair Coe said the ACT is becoming an unaffordable place for households on low to moderate incomes.

“Renters in the ACT have faced rising costs in housing despite the Labor-Greens Government’s rhetoric that housing remains affordable,” Mr Coe said today.

“This data comes at a time when we are also seeing record land prices in the ACT. Land prices can be double, and sometimes more, than that of land just across the border in new townships such as Googong.

“The Labor-Greens Government continues to push Canberra families out of the housing market and people on low to moderate household incomes can’t take much more.

“Canberrans need real solutions and strategies to combat the rising costs of housing and I call on Andrew Barr to outline how his Government plans to address the issue,” Mr Coe concluded.