Your gross household income includes the income of all occupants who will live in the affordable home and who are over 18 years old. Such occupants may include:
- your partner
- any parents
- any siblings
- any children or other dependents over 18.
You should include your partner’s details, even if you intend to buy the home in your name only. For example, if you're a Permanent Resident, but your partner only holds a temporary visa, you still need to declare and include your partner’s income.
You should not include the income of any people you currently live with but are not going to live in the affordable home. For example, if you live with your parents or housemates, but are not going to live with them in the affordable home, do not include their income.
Your gross household income is all income you get before you pay tax on it. It includes, but not limited to:
- wages from employment
- profit from your self-employed business
- Centrelink payments
- Family Tax Benefits
- bank interests
- shares/dividends
- pension allowances
- scholarship stipend.
If you have more than one job you will be asked to provide evidence of your income from all of your employers. If you are self-employed you will be asked to provide evidence about the net trading profit or gain made in the ordinary course of carrying out your business.
