1. What is Rent Increase Calculation?

The rent increase calculation in Victoria is based on the Consumer Price Index (CPI) which measures inflation. Landlords can increase rent using this method with proper notice (60 days).

2. How Does the Calculator Work?

The calculator uses the simple formula:

Where:

• \( CPI \) — Current inflation rate (percentage)
• \( Current Rent \) — The tenant's current monthly rent amount

Explanation: The calculation shows how much a rent payment would increase based on the current inflation rate.

3. Victoria Rental Laws

Details: In Victoria, landlords must give 60 days' written notice for rent increases. There's no fixed cap on increases, but they must be reasonable and not excessive.

4. Using the Calculator

Tips: Enter the current CPI percentage (available from the Australian Bureau of Statistics) and your current monthly rent amount. The calculator will show the dollar amount increase and new rent amount.

5. Frequently Asked Questions (FAQ)

Q1: How often can rent be increased in Victoria?
A: Rent can only be increased once every 12 months for periodic agreements.

Q2: What if I think the increase is too high?
A: Tenants can apply to VCAT if they believe the increase is excessive.

Q3: Where can I find the current CPI rate?
A: The Australian Bureau of Statistics publishes quarterly CPI figures.

Q4: Does this apply to all rental properties?
A: Yes, this applies to all residential tenancies in Victoria.

Q5: Are there exceptions to the 60-day notice?
A: No, 60 days' notice is required for all rent increases.