HOUSING NETWORK :: Rent

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:-

How Your Rent Will Be Calculated

Income Band
A. Very Low
B. Low
C. Moderate

Household Income **
$0 - $41,128
$41,129 - $68,685
$68,686 - $90,816

Level of Discount
Up to 30%
Up to 20%
10%

** as at June 30th 2009

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.