Property

$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

Yeah, that guy turned out to be Schizophrenic.

Disclaimer: Not everyone in Public Housing is a drug dealer or schizophrenic.

8 69 Part 1

$8.69 Part 1

$8.69, $8.69, $8.69 ad nauseum!

So, I moved into the apartment in late 2017 and had my first inspection in March. So far so good. Then I was asked if I could be available for another walk-through, about four months into my twelve-month lease.

First Inspection

I confess, to say even knowing the rental law for twenty years of renting etc, I was concerned. I had asked for the OK to get my fur baby, had been less for over a year now and sad. Still so sad.

Permission Fur Baby

So, I also started to worry this extra visit was related. Eventually, my property manager told me they had to bring through a guy to ‘value’ the property.

Value property

Oh, my God, what’s happening? Please don’t sell. I just go here. You have no idea the drama it is to move when you have a disability. How much goes astray, how much I would sell, that gets given away, thrown away, donated, LOST, damaged, when you are one-handed.

Moving House

Anyway, the property manager bought the quiet man through and it was all very sterile and efficient. Not complaining but, my home wasn’t as clean as it had been for the inspection and of course, I was stressed so over thinking. A few months later, I received and email. It was late at night when I got to my email, that day. I thought – Cat? Or what? Oh, no! What? OMG, I got what?

Rent reduction