Paul 1405 if you can't work out 10 percent of current rentals averages of $600 to $800 a week and equate it to figures correctly stated on Google AI, best enrol for a course in basic maths.
Obviously there are places and suburbs where rents are higher and Noosa is just one example on Queensland's Sunshine Coast, where there is very limited land available for new builds.
Google AI Overview again:
Average rental prices in Noosa vary significantly by property type and location. Overall median rent sits around $1,100 per week, but this spans from $750/week for units up to $1,300+/week for houses. Competition is exceptionally tight across the region.Median Rent by Property Type (Noosa Heads):Houses (3 Bedrooms): $1,100 to $1,125 per week; Houses (4 Bedrooms): $1,400 to $1,500 per week;Units / Apartments: $750 to $960 per week.Surrounding Noosa Shire Areas:Noosaville: Units generally average around $775 per week...Sunrise Beach / Sunshine Beach: Coastal luxury listings push the upper average, often ranging between $1,200 and $2,800 per week for high-end family homes.

And here are just a few more examples of the actual rent increase warnings from those in the know: High-Profile Industry SpokesmenNathan Birch: The founder of Blink Property—who manages roughly 7,000 homes—gave the most specific dollar warning. He stated that typical $400-a-week rentals will spike to $550 almost immediately post-budget. This represents a $150 weekly jump. He attributes this to landlords preparing to hike prices to cover the incoming loss of tax perks.Cate Bakos: The chair of Property Investment Professionals of Australia (PIPA) labeled the government’s $2 prediction "utterly delusional." She warned that rent hikes of at least 10 per cent are firmly on the table due to tightening vacancy rates. On an average Australian rent, this translates directly to a $50 to $100 weekly surge.Harry Triguboff: Australia's biggest residential property investor and billionaire developer warned The Australian that the tax changes will trigger a massive property investor exodus. He argues that a sudden drop in available rental stock will force drastic price hikes onto remaining tenants. The Australian +3

Cheer up Mikko. I'm sure you could walk down the streets of Caracas and find people who think that Hugo Chavez was the best president ever. Magoo could do much worse and still have people singing his praises.

Why should anyone take notice of what some slumlord has to say about rent increases. The fact is theses tax changers are due in 12 month time, there is no justification for immediate rent increases as claimed. There are no changers to existing arrangements, and investment in new property will still attract a 50% write off. What is the problem?

"I was making the point that times change"

No. You were making the assertion that things might be different, without the slightest effort to even suggest how they might be different. Just hoping that things might work out differently this time because you want things to turn out differently this time is the opposite of learning from experience and inevitably leads to error.

Hi Trumpster,

There is no "might" about it, the affordability factor in the housing sector is different today from that of 40 years ago, even 25 year ago, when Little Johnny Howard made big changes to the tax system. The cost of housing as a proportion of average income has gone up from a factor of 6 in 2005, to a factor of 9 today. One of the reasons for that is the changers Howard made to CGT and NG back in 1999. A correction to these generous arrangements for investors over buyer occupiers is way over due. Of course vested interests are going to cry blue murder, as there will be a relatively small cost to some of them from these changers.