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The National Rental Affordability Scheme was introduced by the Federal Government to increase the number of new properties available for rent in Australia.
The goal is to provide an additional 50,000 new accommodation units over the next 5 years, with a possibility of a further 50,000 beyond that.
These properties will be leased out to eligible tenants at a 20% discount to market rent.
The main eligibility criteria is your household income. If your income is below the following limits, then you may be eligible to apply.
The income limits for a household are:
(a) if a household does not include a sole parent:
(i) $40 501 for the first adult; and
(ii) $15 490 for each additional adult; and
(iii) $13 432 for each child; or
(b) if a household includes a sole parent:
(i) $42 599 for the first sole parent; and
(ii) $15 490 for each additional adult; and
(iii) $13 432 for each child.
If you are interested and believe that you may be eligible, then see the available properties that are managed by CCHL.
CCHL currently has the following rental properties that will be participating in the National Rental Affordability Scheme.
· 50 brand new quality apartments located in Polding St Smithfield.
If you are interested, then you will need to complete an application form. Demand is expected to be high, so it is important to get your completed application form back to us as soon as possible. Only fully completed applications (including proof of income) will be considered.
Selection of tenants will be based on their housing need, previous tenancy history, need for accommodation in the local area and the appropriateness of the accommodation to their needs. Click here for details.