“How does a low-income earner qualify for a rental property?” – Gloria
Gloria, we asked Senior Property Manager at Nicholas Lynch Rentals, Heidi Sparks for her insight into your question:
Heidi said low-income earners can qualify for rental properties.
“They can still qualify for a rental property as long as they can show a constant income stream, government assistance income (if applicable) and that they have enough funds in the bank to pay the bond and rent,” she said.
“If the property they are applying for is not beyond their budget, in terms of price, there should not be a problem.”
For information specific to your state or territory, visit Rent.com.au’s Important Numbers page.
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