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Glossary

Residential Tenancy legislation

Tenancy legislation formally defines the rights of tenants to occupy dwellings, the length and terms of their tenure, and the grounds for termination. These legislative provisions, which can also include regulation of rent increases and minimum amounts for advance rent and bonds, are critical to security and affordability of rental housing. They also affect rental supply and rental costs.

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Glossary

Residual income method

The residual income method is a housing affordability measurement which calculates how much is left over for housing (such as rent, mortgage or other housing costs) after paying for a standard budget of household goods and services relevant to different household types and sizes. The advantages of the residual income method (over the 30:40 rule) are that it incorporates local housing costs and income levels; covers households earning in a wider range of income levels; and can include private rental market tenants, home owners and those renting in affordable housing programs.

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Glossary

Retirement village (self-contained)

Retirement villages can operate under a number of different legal ownership and leasing structures, but generally they involve an individual (with a restricted lower age limit, often 55 years) buying a form of ongoing accommodation usually from a for-profit housing provider. Housing may be provided in multi-storey buildings, semi-detached low level residences or even stand alone detached housing.

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Glossary

Rooming house

Rooming houses are buildings that contain multiple bedrooms or units that are supplied on a furnished basis, often with shared access to communal facilities such as kitchens, bathrooms, laundries and living areas. They are usually let on a weekly basis to multiple, unrelated residents and are considered a form of marginal housing (i.e. relatively insecure housing with limited legal housing rights).

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Glossary

Smart cities

Cities that make use of digital information and communication technologies while reshaping the urban fabric. Smart cities acquire appropriate data about a particular built or natural environment and use that data effectively to understand and, if appropriate, control what is happening in that place.

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