Elevate

Elevate tenants will pay no more than 30% of their household income in rent, which will be capped at 75% of market rent. To be eligible, applicants must:

• Be in a WA based key worker role in industries such as Healthcare, Emergency Services, Education, Childcare, Not-for-profit, Retail. Transport and Local Government. 
• Have a household pre-tax annual income between $50k-$116k (Note: Household income includes everyone residing in the home earning an income) 
• Not own any property or land including holiday homes, rental or a primary place of residence in another location

The proximity of the applicant’s employment will also be considered in the process.

The Elevate program aims to provide affordable housing for key workers (or others) on moderate incomes. Affordability is achieved in two ways:  

1. In relation to the prevailing rental market – Elevate rents are set at 75% of market rents, with market rent valuations being undertaken at rent reviews. 
2. In relation to income – income ranges will be calculated on an individual property basis so that the tenant pays no more than 30% of their gross income in rent. 
3. Rent reviews during a tenancy are in line with Perth Consumer Price Index (CPI) at time of review. 

For example, where a property has a market rent of $500 per week, the Elevate rent would be 75% of this = $375 per week. To ensure that the tenant pays no more than 30% of their gross income in rent, the minimum income required for a tenant to rent that property would be $65,000 per annum.