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Showing 1 - 10 of 18 results for "Commonwealth Rent Assistance"

Inflation remains in RBA's target range

ELIZA BAVIN  |  WEDNESDAY, 27 NOV 2024
... rents and new dwelling prices. "The annual rise in rents of 6.7% was partly offset by an increase in Commonwealth Rent Assistance (CRA). The maximum rate available for CRA rose by 10% in September 2024 on top of the usual CPI indexation on March 20 and ...

Retirement calculators 'can't be counted on': SCA

ANDREW MCKEAN  |  MONDAY, 30 SEP 2024
... allowed users to input homeownership status, none used this information to assess eligibility for Commonwealth Rent Assistance or its impact on retirement income and spending. Instead, homeownership was also considered when determining which asset limit ...

More to do in the fight against inflation: Chalmers

ELIZA BAVIN  |  TUESDAY, 3 SEP 2024
... wage earners and more help is on the way from this month." From this month, the maximum rates of Commonwealth Rent Assistance will increase by a further 10% which Chalmers said will benefit nearly one million households. The government will also extend ...

Coalition's housing policy could cut Commonwealth Rent Assistance costs

ANDREW MCKEAN  |  THURSDAY, 20 JUN 2024
Senator Andrew Bragg requested a costing analysis on savings in Commonwealth Rent Assistance (CRA) anticipated from the Coalition's proposed super for housing policy. This policy would allow individuals to withdraw up to $50,000, up to a maximum 40% ...

Higher-for-longer rates dominate adviser conversations

KARREN VERGARA  |  TUESDAY, 4 JUN 2024
... that give access to more affordable healthcare and medicines. Government initiatives such as the Commonwealth Rent Assistance increasing by 10% from 20 September 2024 can help alleviate financial pressures. This social security measure benefits more ...

Budget 2024: Cost of living relief takes centre stage

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... reprieve with the government providing $1.9 billion over five years to increase maximum rates of Commonwealth Rent Assistance by a further 10%. This builds on the 15% increase in September 2023 and will take maximum rates over 40% higher than in May ...

Budget 2024: Additional $11.3bn promised for housing

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... $5.5 billion Help to Buy scheme to help more Australians buy their own home $2.7 billion to increase Commonwealth Rent Assistance by 15% $2 billion in financing for more social and affordable rental homes The Albanese government has an ambitious goal ...

Inflation eases to 4.3%

KARREN VERGARA  |  WEDNESDAY, 10 JAN 2024
... the annual rise of 5.1% in October." Since its introduction on 20 September 2023, the increase in Commonwealth Rent Assistance has reduced out-of-pocket rent costs for eligible tenants. Marquardt said that by excluding these changes to rent assistance ...

Budget of missed opportunities: Industry

CASSANDRA BALDINI  |  WEDNESDAY, 10 MAY 2023
... struggling in the context of global economic conditions. "We especially applaud the budgeted increase of Commonwealth Rent Assistance (CRA) of 15% to Australians that need it the most to help them navigate this cost-of-living crisis which will help alleviate ...

Federal budget 2023: Winners and losers

TOM WATSON  |  TUESDAY, 9 MAY 2023
... holders up to $43.80 each year per medicine. Some renters: Around 1.1 million households receiving Commonwealth Rent Assistance will receive a 15% increase in their support payments, or up to $31 extra each fortnight. Income support recipients: While ...
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