Low Income

And Next

So, people are getting the understanding, I’m now a homeowner. A rate payer. Seemingly, when some acknowledge as a fifty-two-year-old single barren spinster, I’m a respectful member of society.

It’s a weird space to be in, because I always hoped and imagined owning my home one day just assumed I’d have a husband that would pay the mortgage and my income would go towards the beautiful tiles to renovate a bathroom.

When my father died, I was able to contemplate having a forever home and weirdly conversations with friends about buying started to feel weird but normal. The basic understanding was shock, because I didn’t work and who was going to give me a mortgage. Trust me, I did all the research and was in all the groups and organisations that build AFFORDABLE AND SUSTAINABLE HOMES FOR LOW INCOME, etc.

I even had to fight to have myself put back on the public house in lists. That right there is a Bag of Farts. You don’t want it. But maybe not in a bag, but you need it and if you get offered it you definitely don’t want it. See the bag of fart analogy works out in the end.

After reaching out to both Local MP’s and Local Federal Members, the first time not much help, the second time never even replied to my call. I changed tactics and just got to house hunting. To be clear I didn’t have house money. I had Apartment Money, I’ve just wanted to make my dad proud.

The research I did leading up to buying, I learnt what you can get for how much. I saved fifty K, okay not having a second bathroom, but also spend an extra fifty K on not having a building with a car stacker. I’m still serious car stackers are a travesty. I hear nothing but horror stories.

Admittedly, the buildings that had those, the apartments felt much more like student digs. International students with lots of food deliveries. I really wanted a much more owner/occupier vibe with friendly neighbours who cook and give a crap about the environment and not having food arrive that they leave at the entrance to only get refunded and they do it all again.

$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