How is a tenant eligible?
To become an eligible NRAS tenant you must meet certain income and asset criteria. The benefits for a tenant include:
- Pays only 80% of the market rent for up to 10 years
- Access to new dwellings
- Access to professionally managed dwellings
- Proximity to amenities and services which improves the living standard.
Tenants for the properties are required to meet a Federal Government Income Eligibility. Tenant Eligibility criteria are updated annually and the current criteria are as follows:
|
Household types |
Annual income limit for initial tenant eligibility |
Upper income limit for |
|
One adult |
45,496 |
56,870 |
|
2 adults |
62,899 |
78,624 |
|
3 adults |
80,302 |
100,378 |
|
4 adults |
97,705 |
122,132 |
|
Sole parent with 1 child |
62,943 |
78,679 |
|
Sole parent with 2 children |
78,033 |
97,542 |
|
Sole parent with 3 children |
93,123 |
116,404 |
|
Couple with 1 child |
77,989 |
97,487 |
|
Couple with 2 children |
93,097 |
116,349 |
|
Couple with 3 children |
108,169 |
135,212 |
Income limits will increase 1 May each year.
This list is not an exhaustive list and other household compositions may be eligible to rent NRAS dwellings if their gross household income for the previous 12 months is below the initial income limit as calculated using the formula as set out in Regulation 19.
To maintain eligibility as a tenant in the Scheme the tenant's income can increase above the initial income limits by 25%. A tenant ceases to be eligible when income exceeds the upper income limit in two consecutive years.