Affordable Housing: Understanding Feasibility Implications

The University of Melbourne (the “University”) has developed the affordable housing negotiation calculator (the “Calculator”) in light of the need in Victoria for more education and awareness of the financial dynamics involved in affordable housing development feasibility.

The Calculator is primarily aimed at students and local council planning officers in Victoria, Australia. The aim of the Calculator is to provide an educational tool through which users can learn about general feasibility implications for subsidised housing, using illustrative examples.

Limitations

It is important for you to be aware of the Calculator’s limitations.

The Calculator has been developed for educational purposes. The modelling that underpins the Calculator and the default inputs are based on various assumptions. Please read the guide available at [insert link] for an explanation of the terminology used by the Calculator and the assumptions on which it is based.

You must not rely on the results that the Calculator generates. They are approximate and generated only for educational and general information purposes.

The results are based on the assumptions used, as well as your own inputs, and are intended to be illustrative only.

The University does not provide any guarantee or warranty whatsoever about the Calculator or its results.

While developing the Calculator, the University has not factored in anyone’s specific circumstances or aims. The Calculator does not factor in any particular tax, legal or policy requirements.

The University is not licensed or certified to advise on financial decisions, real estate or property valuations.

Before making any investment decision or making any representation during negotiations or otherwise committing yourself to any obligation, it is important that you consider obtaining appropriate, expert professional advice.

The Calculator is no substitute for professional advice.

Terms of Use

Please read these terms carefully. They contain important provisions that you must comply with. If you do not accept these terms, please do not use the Calculator.

By using the Calculator, you will be deemed to have accepted these terms and to have read and understood the introduction and limitations described above.

1. Restrictions on Use

You must not:

1. rely on the Calculator, its content, the results it generates or its associated documentation (“Materials”);
2. use, print, copy, reproduce, communicate or disseminate any of the Materials for any purpose other than your own personal, educational use;
3. without limitation to section 1(b), sell or offer for any business or commercial use any product or service that is based on or incorporates any of the Materials; or
4. represent or imply that the University has provided any professional advice to you or supports or endorses or is connected with you or any use you make of the Materials.

2. No Warranties and Limitation on Liability

1. The Calculator is made available free of charge and subject to the limitations and restrictions described above.
2. The Materials are provided on an “as is” basis. This means that you use the Materials at your own risk and the neither the University nor any of its officers, employees, contractors or affiliates (together, “Personnel”) make any warranty or guarantee about the accuracy, completeness or reliability of the Materials.
3. All conditions, warranties, guarantees, rights, remedies, liabilities or other terms that may be implied or conferred by statute, custom or the general law that impose any liability or obligation on the University or its Personnel in relation to the Materials are expressly excluded.
4. In connection with your use of the Materials, neither the University nor any of its Personnel have any liability (including in negligence) to you or anyone else for any type of loss, however incurred, including (without limitation) loss of profits, loss of revenue, loss of goodwill, loss of customers, loss of or damage to reputation, loss of capital, downtime costs, loss under or in relation to any other contract, loss of data, loss of use of data or any direct, indirect, economic, special or consequential loss, harm, damage, cost or expense (including legal fees).
5. The terms in this section 2 apply to the extent permitted by law.

3. Intellectual Property Rights

1. The University and its licensors retain ownership of all rights, title and interest in any intellectual property rights in the Materials.
2. The University does not license, assign or transfer any title in, or ownership of, any intellectual property rights in the Materials to you. You are permitted to use the Materials only for your own personal, educational use.

4. Prohibition on Use of University Name and Marks

You must not use the University's name, logo or trademark for any purpose whatsoever, without the express prior written approval of the University.

5. Other Prohibitions

You must not and must not attempt to:

1. decompile, disassemble, or reverse-engineer the Calculator or any software relating to the Materials; or
2. use automated means to retrieve information from the Materials, or the website on which they reside, without the University’s permission, for example, by “scraping”.

6. Your Information

You must ensure that the information you input into the Calculator or otherwise submit:

1. is lawful and that your input of the information does not infringe any third party’s rights; and
2. does not include any code that is harmful or interferes with the operation of the Calculator or the University’s website.

7. Privacy

1. Before using the Calculator, the University asks you for some basic personal information. You may provide a pseudonym if you wish.
2. The University uses the information you provide:
   i) for the purpose of determining the kinds of users who use the Calculator and to improve its offerings, for example to improve any training and education it may offer in relation to affordable housing and development feasibility; and
   ii) in accordance with its Privacy Policy available at http://policy.unimelb.edu.au/MPF1104.
3. Please see https://www.unimelb.edu.au/disclaimer for more details about privacy at the University.

8. Website Terms of Use

1. The Materials form part of the University’s website. Therefore, you must comply with the website terms of use available at https://www.unimelb.edu.au/disclaimer/website-terms.
2. In the event of any conflict of inconsistency between these Terms of Use and the general website terms of use, these Terms of Use will take precedence.

9. Governing Law and Jurisdiction

These Terms of Use are governed by the laws of the State of Victoria, Australia and you irrevocably and unconditionally submit to the exclusive jurisdiction of the courts of Victoria, Australia.