Community Rent Formula:
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Community Housing Rent in Queensland is calculated as the lesser of 30% of the tenant's adjusted income or the maximum rent under the QLD Housing Scheme. This ensures housing remains affordable for low-income households.
The calculator uses the following formula:
Where:
Explanation: The calculation ensures tenants pay no more than 30% of their income in rent, while also not exceeding the scheme's maximum rent amount.
Details: Accurate rent calculation is crucial for maintaining housing affordability and ensuring compliance with Queensland's community housing policies.
Tips: Enter your adjusted income in AUD and the current QLD Scheme Cap in AUD. Both values must be positive numbers.
Q1: What counts as adjusted income?
A: Adjusted income typically includes wages, pensions, and other regular income minus any approved deductions.
Q2: How often is the QLD Scheme Cap updated?
A: The cap is typically reviewed annually but may change more frequently based on housing market conditions.
Q3: What if my income changes during the year?
A: You should notify your housing provider of significant income changes as this may affect your rent calculation.
Q4: Are there additional charges beyond community rent?
A: Some properties may have separate charges for utilities or services - check with your housing provider.
Q5: Where can I find the current QLD Scheme Cap?
A: The current cap is available from the Queensland Department of Housing or your community housing provider.