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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
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