Once Subsidized Tenancies Are Over, Gold Coast Tenants May Find Themselves Homeless

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The suspension system is very important to all vehicles regardless if the normal route is a smooth paved road or an uneven terrain. Meanwhile, the brake system is the single most important safety feature of a vehicle. Both systems require regular inspections to determine whether they should be replaced. All leading brands from the high end to high quality budget brands are available through suspension and brakes on the Gold Coast for very affordable prices.

One of the serious challenges that Gold Coast low-income residents face is to find themselves homeless by the end of the year. When their subsidized tenancies are over, they need to find a home to rent. However, the rental market is extremely tight and expensive.

The National Rental Affordability Scheme of the federal government offers investors with an annual financial incentive if they will rent homes at 20% below the current market rates. The incentive scheme is about to expire and about 600 NRA tenants on the Gold Coast are facing a critical situation. Subsidized rents have helped many families with low income to cope up.

By December, the first properties issued under NRA will begin winding down. Gold Coast could lose 90 affordable housing assets by next year. If there is no replacement scheme, the supply for affordable homes in the market will drastically decrease because investors will put their properties at current market prices. This will push out low income tenants.

According to Andrew Henderson, REIQ Gold Coast Zone chair, the local rental market is extremely competitive making it unlikely for NRA tenants to find new tenancies. Vacancy rates at the Gold Coast have improved but it is rare to find a vacancy available at $550 per week. More than three-quarters of home buyers are now owner-occupiers, not investors so that the availability of rentals has shrunk considerably.

The last thing that you want is a vehicle that surges, jerks and then stalls. If there is a sign of trouble, your best option is to see a qualified mechanic who will investigate the problem. If you need replacements, there is suspension and brakes on the Gold Coast that will match with your budget and requirements.