Affordable Housing

$8 69 1

$8.69 Part 2

I feel I should point out why I think I managed to get a reduction in my rent, because I suspect it’s partly to do with the type of property I rent.

Rent Reduction

I got lucky last year and got a property in a scheme that’s part of an affordability scheme called NRAS. No idea, but might find you a link. https://www.nrasvic.com.au/

But the basic premise goes like this, I think it comes under state funding (as opposed to federal) just a fancy term for a different bucket of money. All new builds where there is an excess of 30 apartments on the one site, the owner is offered a tax incentive that a percentage (small) be offered as part of this scheme where they get less rent than current value and the loss in rent is given to them as a tax deduction.

Tax Scheme

The potential range of tenant’s must be low income, I actually had to prove I earned less than $45,000 per year. Um? I’ve never earned that much, so if this scheme had been around, I would always have been eligible.

Low Income

FML

But still, there are seven properties in my building, or considering the number of apartments on site, there might be more. I know there are ‘owner-occupiers’ and a reasonable turn-over of properties being sold.

Low Income Tennants

The scheme runs for ten years and hopefully, depending on the market (property) they will continue for another ten years.

Over all I much appreciate living amongst “Normal” people. As I’ve lived opposite some public housing, I barely coped with that. I wouldn’t have survived living in that public housing. I’m not being a snob, I happily waved and took time to chat to some of the tenants, I gave my compost to a lovely Chinese lady for her garden and the young single dad, I gave away muffins and goodies. But I don’t need to live amongst the drug dealers and crazy people who strangle their cats because I was “listening” to their conversations. I wouldn’t hear you do your phone banking if you didn’t do it on your front balcony.

Live amongst normal people