Rental Bond Assistance Payment Options for Australians
Finding the funds to pay a rental bond can be challenging. Fortunately, there are several support options and programs available across Australia to help ease this burden. Below is a comprehensive guide to alternative bond payment assistance available to Australians.
Centrelink Assistance:
Centrelink may provide financial assistance for eligible individuals who are struggling to pay their rental bond. Contact Centrelink to discuss your options.
More info: https://www.servicesaustralia.gov.au/housing
Bank and Financial Institutions:
If you're experiencing financial hardship, you may be able to get assistance from your bank or financial institution. They can offer financial advice, short-term funding options, and support in managing your finances.
NAB Bank: https://www.nab.com.au/personal/customer-support/financial-hardship
Commonwealth Bank: https://www.commbank.com.au/support/financial-assistance.html
ANZ Bank: https://www.anz.com.au/support/financial-hardship/
Westpac Bank: https://www.westpac.com.au/help/financial-hardship/
Non-profit Organizations:
Several non-profit organizations can provide assistance and support for those struggling with rental bond payments. Some of these organizations include:
Lifeline: https://www.lifeline.org.au/
Homelessness Australia: https://www.homelessnessaustralia.org.au/
The Salvation Army: https://www.salvationarmy.org
No Interest Loan Scheme (NILS):
NILS offers small, interest-free loans to low-income earners for essential goods and services, including rental bonds. To be eligible, you must have a Health Care Card, a Pensioner Concession Card, or an income less than $45,000 (singles) or $60,000 (couples).
More info: https://nils.com.au/
Local Councils and Community Organizations:
Some local councils and community organizations provide rental bond assistance to residents in their area. Reach out to your local council or community organization to find out if they offer any such programs.
Financial Counselling Services:
Free financial counselling services are available across Australia. Financial counsellors can help you manage your budget and provide information about government assistance programs, including rental bond assistance.
More info: https://www.financialcounsellingaustralia.org.au/
State Government Initiatives:
Each state in Australia offers different bond loan programs to help low-income earners secure a rental property. Interest-free loans are available to eligible applicants. Here are the main programs for each state:
Australian Capital Territory: Rental Bond Help
More info: https://www.financialcounsellingaustralia.org.au/
New South Wales: Rentstart Bond Loan
More info: https://www.facs.nsw.gov.au/housing/help/renting/rentstart
Northern Territory: Help with set-up costs for a private rental
Queensland: Guide to Bond Loans and Rental Grants
More info: https://www.qld.gov.au/housing/renting/rent-assistance/financial/bond-loan
South Australia: Help paying bond and rent
More info: https://www.sa.gov.au/topics/housing/renting-and-letting/help-paying-bond-and-rent
Tasmania: Private Rent Assistance
More info: https://www.homestasmania.com.au/housing-and-homelessness/housing-connect
Victoria: RentAssist bond loan
More info: https://www.housing.vic.gov.au/rentassist-bond-loan
Western Australia: Bond Assistance Loan Scheme