Community Rent Formula:
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Community rent in Queensland is calculated as the lesser of 30% of adjusted income or the QLD scheme cap. Despite the name reference to India, this calculator is specifically for Queensland, Australia.
The calculator uses the community rent formula:
Where:
Explanation: The calculation ensures tenants pay no more than 30% of their income or the scheme cap, whichever is lower.
Details: Accurate community rent calculation ensures affordable housing for low-income households while maintaining sustainable housing programs.
Tips: Enter adjusted income in AUD and the QLD scheme cap in AUD. Both values must be positive numbers.
Q1: Why is it called "India" when it's for QLD?
A: This appears to be a misnomer in the naming. The calculation is specifically for Queensland, Australia.
Q2: What is included in adjusted income?
A: Adjusted income typically includes all household income minus certain allowable deductions as per QLD housing policies.
Q3: How often is community rent reassessed?
A: Rent is typically reassessed annually or when household circumstances change significantly.
Q4: Are there different caps for different areas?
A: The scheme cap may vary based on location, property type, and household composition.
Q5: Can community rent be less than 30% of income?
A: Yes, if the scheme cap is lower than 30% of the household's adjusted income.