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We can’t assume that the unit will be habitable and Ebuffie’s question is what happens if it isn't. If that’s the case, he/she is entitled to compensation.
Tenants are especially vulnerable in these situations, especially if the landlord, agent, Executive Committee or Strata Manager treat tenants as second-class citizens (as, sadly, many do).
On the question of the rent going up, there are legal restriction on when rent can and can’t be raised and how much due notice has to be given.
Even if the unit is habitable when the work is going on, then there’s still the problem of workmen turning up early in the morning and tramping through the unit.
Yes, Ebuffie should try to find out as much as they can about the scope and nature of the project but sorting this out now is better than trying to do so when the builders have already moved in. He/she should contact TenantsNSW for more specific advice.