Brisbane's residential rates will increase on average by 3.45 per cent next financial year under Lord Mayor Adrian Schrinner $4.3 billion pre-election budget.

Some key points:

  • Residential rates to increase on average 3.45%
  • Green waste bin cost reduced from $93.68 to $45 per year
  • Surcharge on short-term accommodation (like AirBnB) rates fees to increase from 50% to 65%

That headline “$80m relief package” is relative to if they had increased rates equal to inflation, which is 7.4%. The difference there makes up $22m of the 80.

In my opinion the surcharge on short-term accommodation going up is great, but it’s nowhere near enough.

  • ZagorathOPEnglish
    2·
    2 years ago

    When I’m discussing salary raises, I make a point of emphasising that anything less than inflation is a pay cut. I refuse to mince words. If inflation is over 7% and you’re offering me a 3% pay raise, you are giving me a 4% pay cut. And I will make sure to be very clear about that in all my communications with my employer and my coworkers.