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Legislative Assembly for the ACT: 1993 Week 08 Hansard (Tuesday, 17 August 1993) . . Page.. 2366 ..


MINISTER FOR HOUSING AND COMMUNITY SERVICES

LEGISLATIVE ASSEMBLY QUESTION

QUESTION NO 754

Housing Trust Properties - Management Costs

MR CORNWELL Asked the Minister for Housing and Community Services - What is the average cost, excluding repairs and maintenance, of management of ACT Housing Trust properties.

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

The response to this question is quite complex.

Management of Housing Trust properties has been interpreted as the management of

Trust tenants and existing stock but excluding capital acquisition of new stock, repairs

and maintenance and associated overheads pertaining to the delivery of these

programs. - .

Also excluded is the Supported Accommodation Assistance Program, Crisis Accommodation Program, Mortgage and Rent Relief program and Community Housing Programs as these are providing grants to outside community groups and individuals and overheads pertaining to the delivery of these programs.

Costs included in the calculation are salaries, administrative overheads and operational costs which relate to Trust tenants and existing stock.

On this basis the annual cost of managing 12,357 Housing Trust properties (as at 30 June 1993) is $8.17m or an annual average cost of $661 per unit of stock. This represents 9.4% of average gross market rent. This compares well with the normal 10%.charged by real estate agents for management of rental properties.

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