low-income

“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.

We’ll be posting answers to reader questions every week. If you have a question you’d like to see answered here, let us know!

You might also like:
-Bees in your rental: Responsibility and treatment
-My rental is for sale. What happens with viewings?
How much notice should I be given for an inspection?

heidi sparks
Heidi Sparks
Senior Property Manager at | heidi.sparks@nicholaslynch.com.au | + posts

Heidi, a Licensed Estate Agent has over fifteen years experience in the Real Estate industry encompassing all aspects of property management including both residential and commercial property management.

1 COMMENT

LEAVE A REPLY