In the second half of 1999, the newly constituted Residential Tenancies Bond Authority’s statistics came on stream. These provided – for the first time in Victoria – virtually a full set of rental statistics, as tenants and landlords are required by Victorian government regulation to pay a bond to the above authority on signing a tenancy agree-ment. The 1999 figures for this study were compiled by striking an average of ‘The Age’ figures for the first half of the calendar year and the tenancy authority’s figures for the latter part of the year. The other data input used was the ‘risk free’ interest rate referred to in.
