NRAS Market Index for 2019-20
NRAS Market Index for 2019-20
The NRAS market value rent is indexed according to movements in the Rents components of the Housing Group of the Consumer Price Index for the year, December quarter to December quarter as at 1 March, using the capital city index for the relevant state, rounded to the nearest single decimal point, and is effective from 1 May.
NRAS Market Index Values for the 2019-20 NRAS year
The NRAS market index values for the 2019-20 NRAS year (i.e. the period 1 May 2019 to 30 April 2020) are:
|
2019-20 NRAS Year |
|
|---|---|
|
Jurisdiction |
NRAS Market |
|
Sydney / New South Wales |
1.4% |
|
Melbourne / Victoria |
1.8% |
|
Brisbane / Queensland |
0.0% |
|
Adelaide / South Australia |
1.1% |
|
Perth / Western Australia |
-6.1% |
|
Hobart / Tasmania |
5.4% |
|
Darwin / Northern Territory |
-4.4% |
|
Canberra / Australian Capital Territory |
3.0% |