Page 4188 - Week 15 - Thursday, 17 December 1992

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MINISTER FOR HOUSING AND COMMUNITY SERVICES

LEGISLATIVE ASSEMBLY QUESTION

QUESTION NO 446

Housing Trust Properties - Average Life

MR CORNWELL asked the Minister for Housing and Community Services - What is the estimated average life of Housing Trust properties built during 1991-92 (houses, flats etc. separately if deemed necessary.

MR CONNOLLY- The answer to the Members question is as follows:

The Housing Trust does not estimate an average life for new housing stock since many factors will determine an optimum useful life at different times.

All new houses are built of brick, according to a set of standards based on low maintenance materials, fuel efficiency and a system of quality assurance. As such new houses can be expected to last 75 years, and upgrading an existing property will add a further 50 years service.

For accounting purposes, rental properties are depreciated on a straight line basis over 50 years. Upgrades to dwellings are deemed to increase their depreciation period by a maximum of 25 years. Depreciation on flats is 75 years.

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