The department provides bond assistance based on the actual size of the rented property. These limits are based on metropolitan median rents for each property size
These are effective from 1 October 2020.
The maximum bond loan amounts are:
- Bedsit or 1 bedroom $1,650
- 2 bedrooms $2,000
- 3 bedrooms $2,200
- 4 or more bedrooms $2,000
See the bond loan scheme policy on our DHHS Service Providers website for the processes we use to manage the scheme.
How much can I borrow on a bond loan?
It depends on the number of bedrooms in the property and the number of people who will live there. In some cases, a study or separate dining room can count as a bedroom.
We work out your share by dividing the bond amount by the number of people living in the house that pay rent. For example, if four people are renting a four-bedroom house with a $1,000 bond, your share of the bond loan would be $250.