HOUSING — RENTAL ACCOMMODATION —
PUBLIC RENTAL PROPERTIES
1345. Hon KEN BASTON to the minister representing the
Minister for Housing:
(1) What is the breakdown of costs of the $17 175 average
operating cost per public rental property?
(2) Does the $17 175 include or exclude rental income from
the property?
(3) Why is the actual cost so much higher than the target
cost for 2019–20?
Hon STEPHEN DAWSON
replied:
I thank the honourable member for some notice of this
question.
(1) The answer
is in tabular form. It lists the 2019–20 actual component costs of
efficiency key performance indicator 1.1—average
operating cost per public rental property. I seek leave to incorporate that
into Hansard.
Leave granted.
The following
material was incorporated —
|
Component costs of service
|
2019–20 Actual
|
|
Cost of goods sold
|
�$ 568,278
|
|
Rental
|
�$274,968,535
|
|
Community Support
|
�$128,120,199
|
|
Employee benefits expense
|
�$155,894,040
|
|
Supplies and services
|
�$46,590,479
|
|
Depreciation amortisation
|
�$100,645,708
|
|
Finance costs
|
�$16,499,090
|
|
Accommodation
|
�$14,730,676
|
|
Other expenses
|
�$88,515,981
|
|
Loss on the disposal of non-current assets �
|
�$6,535,400
|
It should be noted that some
component costs listed, such as construction and associated administration
costs that are capitalised, are excluded from the calculation of the KPI.
(2) Rental income is excluded.
(3) The actual
spend of $17 175 exceeded the target of $14 550 for efficiency key performance
indicator 1.1 due to increased maintenance expenditure and an increase in the
expected rate of default for payment of rent from customers as a result of the
effects of COVID-19.