Rent
Affordable rent is achieved primarily by using a "discount to market rent" model. This means that the level of discount offered will vary according to the gross household income of the tenant.
Definition of Terms:-
- Household Income - the total income from all sources including gross wages and salaries; income from investments; Centrelink payments (including pensions, allowances, Family Tax Benefits A & B);Child Support Payments; Overseas Pensions; WorkCover, TAC or other compensation payments.
- Market Rent - the rent payable for an equivalent property in a similar location and assessed with reference to local Real Estate Agents and private rental markets.
How Your Rent Will Be Calculated
- Rent will be calculated against the market rent of property less a discount that will vary according to the household income of the applicant.
- Applicants will generally be classified into the following income bands to assist the allocation process
** as at June 30th 2009
Income Band
A. Very Low
B. Low
C. ModerateHousehold Income **
$0 - $41,128
$41,129 - $68,685
$68,686 - $90,816Level of Discount
Up to 30%
Up to 20%
10%
This means that the rent for a very low income household is up to 30% less than market rent.
Market Rent for each property is updated annually.
The rent charged will be calculated annually for each property after a new local Market Rent has been determined. Any increases in rent shall be passed onto tenants in accordance with provisions in the Residential Tenancies Act and the tenancy agreement.
Tenants will be required to provide updated household income information annually.
If your income increases and you move from a low income band to a higher band, your rent may be increased in accordance with the Residential Tenancies Act.
If your income decreases for an involuntary reason e.g. termination of employment, redundancy, death in the family and you move to a lower income band your rent may be reduced. Also, if your rent becomes higher than 30% of household income after Commonwealth Rent Assistance, your rent may be reduced.
How can I pay my rent?Rent can be paid by Bpay, Direct Debit, Centrepay or Over the Counter at any RHNL office.

