#111: The Price Of Love
Day in and day out all we hear from different people are complaints about the rising costs of rental properties in and around our fine city. I can understand this and also appreciate the difficulty in finding suitable rental at an affordable price – after all rental has gone through the roof and yet wages and benefits haven’t increased at the same rate to keep up with it all. Most real estate agencies and tenancy bodies refute this though and will claim that rental increases with the CPI and no higher. Let me tell you right now that they're all lying and here’s your proof. In 1995 I moved into a large two bedroom property in a suburb just outside of the city. When I moved in the rent was $110 per week, when I moved out in mid 1998 the rent had increased to $125 per week. I was partially working and partially living off the goodwill of our Federal siblings at the time at a rate of around $320 per fortnight with some rental assistance, bringing the total up to around $375 per fortn...