Consider that instead of a price ceiling the Tasmanian government introduces a subsidy of $150/week to renters of single bedroom apartments in Hobart.

Market for Single Bedroom Appartments in Hobart 2021 -Supply -Demand $850 $800 $750 $700 $650 $600 $550 $500 $450 Rent ($/week) $400 $350 $300 $250 $200 $150 $100 $50 $0 5 10 15 20 25 30 35 40 Thousands of Single Bedroom Apartments Rented per month