Bond loan income and asset limits

Last updated: 6 November 2017

To find out if you may be eligible for a bond loan, see Bond loan scheme.

Income limits

These limits are effective from 1 October 2017.

The income limits are:

HouseholdIncome per week
Single person$549
Couple, no dependants$949
Family (one or two parents) with one dependent child$984
Family (one or two parents) with two dependent children$1,018
Family (one or two parents) with three dependent children$1,052 + $34 for each extra child

If a single parent has regular access visits from their children for at least 21 per cent of the year, the relevant 'Family with dependent children' income limits apply.

These limits go up by 1.1 per cent every six months on 1 April and 1 October. This is to reflect increases in the general cost of living.

Asset limit

This asset limit is effective from 20 March 2017

The asset limit for the bond loan scheme is $5,253

Centrelink maximum weekly rent assistance

To be eligible for a bond loan, your weekly rent cannot be more than 55 per cent of your total gross weekly income.

We use the maximum rent assistance from Centrelink that you may be eligible for to calculate whether the rent charged is up to 55 per cent of the household's income.

HouseholdAmount
Single person, no dependent children$66.50
Couple, no dependants$62.70
Family (one or two parents with one or two dependent children)$78.12
Family (one or two parents with three or more dependent children)$88.27
Group households$44.33

Maximum bond loan amounts

These are effective from 1 July 2017.

The maximum bond loan amounts are:

Property sizeMaximum loan amount
Bedsit or 1 bedroom$1,600
2 bedrooms$1,900
3 bedrooms$2,000
4 or more bedrooms$2,050

See the bond loan scheme policy on our departmental website for the processes we use to manage the scheme.

About income and assets limits

To find out:

  • What income and assets are
  • The documents we need as proof of these

see About income and asset limits.

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