Affordable houses to buy

Income and asset limits for the Affordable Homes program

Customer testimonialThese 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.

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 Yearly Amount
Single person $75,000
Families with up to 3 children $95,000*

*A further allowance of 8% per additional child is allowed

Income test for regional areas

Household type Gross Yearly Amount
Single person $65,000
Families with up to 3 children $80,000*

*A further allowance of 8% per additional child is allowed

Assets test

Assets can include:

  • money lodged with a financial institution
  • real estate - eg vacant land
  • shares, bonds and investments
  • household and personal effects
  • cars, boats and motor homes
  • superannuation
  • overseas assets converted to Australian dollars

Aged under 55

Household Type Asset Value
Households headed by a single person $348,500
Households headed by a couple $433,000

Aged 55 and over

If you're aged 55 years or over, higher asset limits apply.

Household Type Asset Value
Households headed by a single person $522,750
Households headed by a couple $649,500

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Page last updated 29 November 2016

Provided by:
Department for Communities and Social Inclusion
URL:
http://www.sa.gov.au/topics/housing/affordable-houses-to-buy/income-and-asset-limit
Last Updated:
29/11/16
Printed on:
23/05/17
Copyright statement:
SA.GOV.AU is licensed under a Creative Commons Attribution 3.0 Australia Licence. © Copyright 2016