• Thu
  • Oct 23, 2014
  • Updated: 7:27pm

How it works

PUBLISHED : Friday, 10 March, 2006, 12:00am
UPDATED : Friday, 10 March, 2006, 12:00am
 

Current rent calculation


Takes into account inflation, wage movements, estate running costs, Housing Authority finances and tenants' affordability based on a median rent-to-income ratio of 15 to18 per cent (i.e. rent should not exceed 15-18 per cent of the median income of tenants)


Options being considered


A new median rent-to-income ratio formula to:


exclude high-earning and CSSA households from the calculation of income;


remove rates and management fees from rent calculation; and


use new adjustment reference, such as consumer price index, excluding housing cost, median monthly household income


Rent to take into account basic internal factors such as floor level and proximity to unwelcome facilities


Rent to reflect internal and external (e.g. views and orientation) factors


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