We now need to consider if either of these options is affordable.
I did the sums rounding up slightly to $20 000. Council have acknowledged that the costs could increase by 20-25% so...
$20 000 + $4000 (+20%) + GST of $3600 + interest at 6% over 15 years + $800 targeted rate for operating costs = $3596 per year for the first 15 years.
That's $69 per week for each dwelling even you're living alone on a pension. Is that affordable?
Leave a comment
Comments
Niki Gladding
Jun 15, 2016 @ 20:33
We now need to consider if either of these options is affordable.
I did the sums rounding up slightly to $20 000. Council have acknowledged that the costs could increase by 20-25% so...
$20 000 + $4000 (+20%) + GST of $3600 + interest at 6% over 15 years + $800 targeted rate for operating costs = $3596 per year for the first 15 years.
That's $69 per week for each dwelling even you're living alone on a pension. Is that affordable?