Saturday, June 21, 2008

No relief for Brisbane apartment renters

Brisbane Labor Councillor David Hinchcliffe says according to his calculations, which are based on the Council's budget figures, rates on some inner-city apartments will rise by up to 700 per cent.

But Lord Mayor Campbell Newman has rejected such figures.

"There have been some significant increases for a small number of properties around the CBD and CBD frame," he said.

"Typically the increase... for the hardest-hit people is around about 150 to 160 per cent."

"The worst increase for any unit in the whole of the city of Brisbane is 300 per cent."

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