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Income and asset limits for the Affordable Homes program

On this page you will find: 

The income test 
The assets test

These tests set out the maximum levels of income and assets for a household to be eligible for the Affordable Homes Program. These limits are reviewed annually.

If you're the head tenant in a public or community housing property you are automatically eligible for the program.

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The income test

Outer Adelaide, Port Lincoln, Roxby Downs, Mount Gambier, Murray Bridge, Port Augusta, Port Pirie and Whyalla are subject to the Metropolitan base rate.

Income test for metropolitan areas
Household type Gross
 Weekly
 Amount
 Gross
 Yearly
 Amount
Single person  $1,402  $72,907
Single person with 1 child $1,458 $75,823
Single person with 2 children $1,514 $78,740
Single person with 3 children $1,626 $81,656
Single person with 4 or more children $1,682 $84,572
   
Couple $1,514 $78,740
Couple with 1 child  $1,570 $81,656
Couple with 2 children  $1,626 $84,572
Couple with 3 children $1,682  $87,488
Couple with 4 or more children $1,739 $90,405

Income test for regional areas
Household type Gross
 Weekly
 Amount
 Gross
 Yearly
 Amount
Single person $1,189 $61,848
Single person with 1 child  $1,237 $64,322
Single person with 2 children $1,285 $66,796
Single person with 3 children  $1,380 $69,270
Single person with 4 or more children $1,427 $71,744
   
Couple $1,285 $66,796
Couple with 1 child  $1,332 $69,270
Couple with 2 children  $1,380  $71,744
Couple with 3 children $1,427 $74,218
Couple with 4 or more children $1,475 $76,692

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The assets test

Household TypeAsset Value
Households headed by a single person $321,750
Households headed by a couple $400,000

If you're aged 55 years or over and plan to buy a retirement property the higher asset limits below apply.

Household TypeAsset Value
Households headed by a single person  $482,625
Households headed by a couple $600,000

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More information

On this site
List of financiers
Buying you public housing property
Buying your community housing property
How to locate an affordable home 
Eligibility for affordable homes

Other websites
Property locator 
HomeStart Finance
Affordable Homes Program newsletter

Downloads
 
Affordable homes: Frequently asked questions (PDF 175KB)

Contact
Affordable Homes Program


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