What changes are being proposed?
Given new evidence relating to the fairness and affordability of our current rent structure, combined with the valuable feedback from the recent 2019 Tenant Satisfaction Survey, we are clear that we need to review and revise our rent structure.
As a result, the Association’s Management Committee has agreed that our rent review will focus on making our rents fairer and more affordable.
If the proposed changes are agreed, we will advise you individually about how the changes will affect the amount of rent that you will pay. The overall outcomes include:
- 73% of tenants will experience a rent decrease and 27% of tenants will experience a rent increase, in order to address both the fairness and affordability issues in our current rent structure.
- All two apartment (one bedroom) properties will see a reduction in rent, regardless of the building type.
- All mini-multi and high-rise properties will see a reduction in rent, regardless of property size.
- The majority of our deck access properties will see a reduction in rent.
For more information about our rent review proposal download our Rent Consultation Booklet here.