Page 1175 - Week 04 - Thursday, 1 April 1993
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MINISTER FOR HOUSING AND COMMUNITY SERVICES
LEGISLATIVE ASSEMBLY QUESTION
QUESTION NO 654
Housing Trust - Rent Levels
MR. CORNWELL - Asked the Minister for Housing and Community Services - In relation to the ACT Housing Trusts submission to the Industry Commission Inquiry into Public Housing and the statement at page 16 (Attachment One) regarding Rental Policies that:
"Rents are based on the market rent for comparable privately owned accommodation in the ACT " -
(1) How does this statement equate with the Chief Ministers statement (Hansard 17 June 1992, page 955)" I continue to assert that Housing Trust rents are set at market levels for those properties, not for other properties. Mr Cornwell himself has quoted a median price. So he is not comparing Housing Trust properties with other replicated Housing Trust properties; he is comparing Housing Trust properties with a median of the whole market, I presume . . "
(2) Further, how does the statement equate with the reply to question on notice No 26 that at August 1991 unencumbered Trust rent on a three bedroom property was $137.50 per week and in February 1992 was $143.50 per week, when Market Facts, a Real Estate Institute of Australia publication, advised median weekly rents for the private sector three bedroom properties for the same month were $170 and $185 respectively.
MR. CONNOLLY - The answer to the Members question is as follows:
(1) Housing Trust rents were set at market related rentals in 1990 following a valuation completed by a private valuation firm.
Annual rent variations since 1990 are based on movements in the private rental market using statistics published by the Australian Bureau of Statistics
.
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