Income: How to stand out - Application

When applying for a rental property you have to prove you can pay the rent. Providing accurate records increases your chances of getting approved.

Quick tips:

• Your total household income should be 3 times the rent. E.g. is the rent is $500 per week, your total household income (after tax) should be $1500 per week. This is the most important tip.
• Ensure the income you type into the application matches the evidence that you supply (eg the amount on your payslip that you upload matches the amount you enter into Cubbi)
• Enter all your income. Any money that comes into your bank account you should enter as an income source. Even payments from your parents, if they are regular or large one-off payments.
• If you're selling your house or recently sold, enter this as a 'Lump Sum' income source and make mention of it in the Cover Letter. You could provide a copy of the Contract for Sale as evidence if it's not in your bank yet.
• If you have a healthy bank balance (e.g. over 3 months rent), enter this as a 'Lump Sum' income source and upload a bank statement showing the balance (but not all your transactions) as evidence. The bank statement must be in PDF format (not a screenshot or an image) and must display your name, account name, address and the latest balance. Anything older than 30 days will not be taken into consideration. Also, make mention of this in your Cover Letter so it makes sense to the Manager and Homeowner.
• If you're in between jobs, but have a signed contract/employment agreement enter this as your current income source, upload the contract as proof of income and make mention of this in your Cover Letter.