As housing costs in Sydney continue to rise at a faster rate to the average incomes many very low, low and even moderate income earners are being left behind in the rental market and are unable to keep up with housing costs, sometimes forcing them into rental stress.
People sometimes need to work longer hours or travel large distances to their job from an area they can afford to live. This can have impact on other areas of their life including their physical and mental health as well as their relationships with friends and family.
Affordable housing aims to fill the gap between social housing and the private rental market. Affordable housing is targeted for working people earning a low to moderate income and is priced so that these households can afford other basic living costs including food, utility bills, health care and transport.
How does it work?
At Echo Realty we manage our Affordable housing just like our private rental properties, however tenants must meet certain eligibility criteria to be approved for the property. The eligibility criteria can change for each property but an income limit is standard across all. You can search our current vacancies here.
What LGAs we are in:
Our portfolio extends right across the Sydney metropolitan region and even to the Central Coast and Northern NSW. We currently have properties in the below Local Government Areas:
- Cumberland Council
- City of Parramatta
- Blacktown City Council,
- Penrith City Council
- Hornsby Shire Council
- Strathfield Council
- City of Canada Bay
- Fairfield City Council
- Inner West Council
- Canterbury- Bankstown Council
- Liverpool City Council
- Sutherland Council
- Willoughby Council
- Bayside Council
- Wyong Council
- Tweed Shire Council.
What is a key worker?
A key worker is generally a person on very low, low and moderate income levels and normally employed in an essential frontline services e.g. nurse, childcare worker, council workers, emergency services, health care and aged care.
What affordable housing schemes do we work with?
There are many affordable housing schemes available to developers and tenants. While the affordable housing criteria is different for each property, we work under the National Rental Affordability Scheme (NRAS) and the State Environmental Planning Policies (SEPPs) 70 guidelines, among other individual schemes. Get in touch with us to find out if our team of affordable housing experts can assist you.
Are you developing affordable housing?
Read our information page for developers to help clear up any affordable housing confusion. Let us make the process easy.find out more
Why are we the affordable housing experts?
Our team have a combined 50 years of real estate and property experience. Find out why we know affordable housing.find out more