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Showing 1 - 10 of 22 results for "Commonwealth Rent Assistance"

Renters need twice as much super, risk poverty in retirement: SCA

KARREN VERGARA  |  TUESDAY, 9 DEC 2025
... homeowners. SCA chief executive Xavier O'Halloran is urging intervention to fix the inadequate levels of Commonwealth Rent Assistance and that simply telling renters to 'save more' is not the solution. "The 2026 Retirement Savings Targets for Renters ...

Chalmers boosts Help to Buy scheme, construction sector

KARREN VERGARA  |  TUESDAY, 25 MAR 2025
... Reform Blueprint to build homes faster," he said. For renters, Chalmers will increase maximum rates of Commonwealth Rent Assistance (CRA) by 45%, saying this will be the first back-to-back increase in 30 years. "Combined with indexation, the maximum ...

Most retirees who rent live in poverty: Grattan Institute

ANDREW MCKEAN  |  MONDAY, 10 FEB 2025
... 78% of over 65s are homeowners - many retirees who rent are struggling to get by. The report said Commonwealth Rent Assistance, which supplements the Age Pension for poorer retirees who rent, is inadequate. After covering essential non-housing costs ...

How much is needed to maintain your standard of living in retirement?

ANDREW MCKEAN  |  FRIDAY, 24 JAN 2025
... renters. "We think that systemic change, such as increased social housing and further increases to Commonwealth Rent Assistance, is more important to this group than savings targets." SCA chief executive Xavier O'Halloran said that consumer advice to ...

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 ...
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