Affordable Management Corporation AMC

How is a tenant eligible?

To become an eligible NRAS  tenant you must meet certain income, asset, and residency 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.  There may also be additional requirements from the respective State governments (for example the Queensland State government also applies an asset and residency test for all applicants).  Tenant Eligibility criteria are updated annually and the 2016/17 NRAS year criteria are as follows:

Household types

Annual income limit for initial tenant eligibility
$

Upper income limit for
maintaining eligibility

$

One adult

47,904

59,880

Two adults

66,228

82,785

Three adults

84,552

105.690

Four adults

102,876

128,595

Sole parent with one child

66,274

82,843

Sole parent with two children

82,163

102,704

Sole parent with three children

98,052

122,565

Couple with one child

82,117

102,647

Couple with two children

98,006

122,508

Couple with three children

113,895

142,369

Source: DSS website published limits for the NRAS year 1 May 2016 to 30 April 2017.

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.

 

Contact Us:
Phone: +61 (7) 3234 8999 Email: nras@amcnras.com.au  
Copyright Affordable Management Corporation (AMC) © Privacy Policy | Disclaimer | Site Map | Online software for accountants by Wolters Kluwer