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Glossary

Private rental sector

The overall group of rental dwellings provided by non-government investors such as individuals, for profit businesses and market rate dwellings provided not-for-profit housing providers. These dwellings are provided by their owners in the expectation of a commercial profit.

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Glossary

Public-private partnership (PPP)

Cooperative arrangements whereby governments work with businesses to develop, fund, build or deliver infrastructure, usually over a long timeframe. The intention is that PPPs reduce upfront costs to governments while providing infrastructure that benefits the wider community.

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Glossary

Rapid rehousing

A service response for people experiencing homelessness. The aim is to obtain housing immediately and provide tenants with support services to address their needs and enable them to sustain their tenancy.

See homelessness

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Glossary

Real Estate Investment Trust

An investment entity that bundles together investors’ contributions so as to invest in a number of rental dwellings. In Australia, REITs are one type of the larger category of Managed Investment Trusts (MITs) and are used in the commercial property sector but not in the residential sector. MITS are expected to have a ‘passive, pass-through character’ in their investments, for example in commercial properties they rely on rents to make a profit rather than through expecting capital gains on buying and selling properties (which is more prevalent in the private rental sector).

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Glossary

Remote Indigenous housing

Housing which contains one or more people who identify as being of Aboriginal and/or Torres Strait Islander origin and experience great difficulty accessing the services they need and the products they wish to purchase. Remoteness refers to being located at a distance from a specified or significant point of reference. As such it has both quantitative and qualitative meanings. Quantitatively, the Accessibility/ Remoteness Index of Australia Plus (ARIA+) measures remoteness in terms of a community’s distance along a road network from each of five categories/sizes of service centres. Qualitatively it can refer to the perception of isolation in relation to family and to cultural experiences and expectations.

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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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