Modern 1-bed apt with balcony

908/298 Pitt Street,

Sydney,

NSW

2000,

Australia

This one bedroom apartment is available at a discount to market rates for eligible applicants making it easier to live where your career is taking you – without compromising on design, comfort or lifestyle.

$488 per week

Are you eligible?
– You (or the primary applicant) is at least 18 years old.
– All household members are Australian citizens or hold appropriate residency status.
– You do not own residential or commercial property.
– All adults in the household have a stable rental history.
– The Income Tax Thresholds listed below are met.

1. Maximum Household Taxable Income
We need to assess your Maximum Household Taxable Income in accordance with the Income Tax Assessment (Build to Rent Developments) Determination 2024. Your household taxable income is based on the most recent Notice of Assessment(s) from the Australian Taxation Office. In order to meet this criteria, your taxable income for the household mix cannot be higher than that outlined below.

Household composition:
– One (1) adult = AUD $127,988 p.a.
– Two (2) adults = AUD $138,654 p.a.
– One (1) or two (2) adults + child(ren) = AUD $149,320 p.a.

Take the first step
To check is you are eligible for a rental discount get in touch with us today.

Apartment features:
• Contemporary finishes including engineered timber flooring,
• Bright, open living spaces with floor-to-ceiling windows.
• Most apartments feature in-built storage, euro-style laundries, built in robes
• Ducted air-conditioning zoned for living and bedrooms.
• Modern kitchens with an induction cooktop and a full-sized oven.
• Private balconies in many apartments.
• White goods are included (fridge, microwave, dishwasher, washing machine and clothes dryer).

Amenity*:
– Level 2 shared kitchen and lounge space
– Level 35 rooftop terrace with stunning views, resident lounge, dining, kitchen and barbecue area
– Health and wellness amenities include 20m pool, sauna, spa, yoga studio and gym
– Lobby Concierge with onsite residential services team
– Onsite maintenance & support team
– Co-working space with bookable meeting rooms
– Dedicated Resident App – Bike Storage, parcel lockers and mail collection
– Living means the best of the city is on your doorstep and everywhere is within reach with the brand-new Gadigal Metro Station directly below the building.

*Disclaimer:
Weekly rental rates and eligibility criteria are subject to change based on Affordability Scheme legislation and household composition. Pets are subject to approval. Exclusive use of dining and entertainment rooms is subject to availability and approval, additional terms and conditions, and fees and charges may apply. Bike storage is available on a limited, first-in basis.

What this place offers

  • Inground Pool
  • Inground Spa
  • Airconditioning
  • Intercom System
  • Balcony
  • Floor Boards
  • Gym
  • Broadband Connection
  • Built in Robes
  • Dishwasher
  • Rumpus Room
  • Pet Friendly
  • All appliances Included, Engineered timber flooring, Soft carpets, Stone benchtops, Double glazed windows

Availability from 1 May 2026

$488 / week
1 May 2026

Rentals that feel like home

Finding long-term, affordable housing is a significant challenge for many Australians. Essence Homes exists to change that. Our platform is purpose-built to bridge the gap between housing demand and the critical need for affordability.

Priced for real life

Rents set below market rate. Predictable increases. No hidden costs.

More living, less moving

Long leases, transparent eligibility and renewal criteria.

Honest from the start

Clear, honest information about pricing, eligibility and the application process.

Close to what matters

Located where everyday life actually happens.

More properties

Essence Homes listings are available to households that meet income eligibility criteria. To get started, we’ll check your household size and gross income against the program limits.

711/132 Kavanagh Street,
Southbank,
VIC
3006

Light filled modern 1-bed apt

$536 / week

Available from 24 April 2026
We believe that everyone deserves a place to call home – one that’s safe, vibrant, and welcoming. We’re committed to creating opportunities for everyone to live close to work, study, and community.
Southbank apartments features a number of thoughtfully designed, affordable studio and 1-bedroom rental apartments, bringing affordable city living to the heart of Melbourne.

$536 per week

Southbank applies the following eligibility criteria for affordable housing:
– You (or the primary applicant) are at least 18 years old.
– All household members are Australian citizens or hold appropriate residency status.
– You do not own residential or commercial property.
– All adults in the household have a stable rental history.
- The required two (2) Income Thresholds listed below are met.

1. Maximum Household Taxable Income
We need to assess your Maximum Household Taxable Income in accordance with the Income Tax Assessment (Build to Rent Developments) Determination 2024. Your household taxable income is based on the most recent Notice of Assessment(s) from the Australian Taxation Office. In order to meet this criteria, your taxable income for the household mix cannot be higher than that outlined below.

Household composition:
– One (1) adult = AUD $127,988 p.a.
– Two (2) adults = AUD $138,654 p.a.
– One (1) or two (2) adults + child(ren) = AUD $ 149,320 p.a.

2. Household Income Limit
We also need to assess your Household Income, which is a little different to your Household Taxable Income. Household Income Limit is calculated by annualising your last three pay slips to estimate your gross annual income, in addition to adding any other funds you may have received throughout the year (for example, child support payments, Centrelink assistance or dividend payments).

Household composition:
– One (1) adult = A$74,080 p.a.
– Two (2) adults = A$111,110 p.a.
– One (1) or two (2) adults + child(ren) = A$155,550 p.a.

Take the first step
Check your eligibility and enquire today. Our team is here to guide you through the process. Enquire now.

Apartment features:
Bright, open living spaces with floor-to-ceiling windows.
Modern kitchens with an induction cooktop and a full-sized oven.
Ducted air conditioning throughout.
Private balconies in many apartments.
White goods are included (fridge, dishwasher, washing machine and clothes dryer).

Community perks*:
Private kitchen and several private dining and entertainment rooms.
Outdoor landscaped gardens with barbecues and rooftop terraces.
Heated outdoor pool, sauna and games room.
Fully-equipped gym and co-working spaces.
Pet-friendly apartments

*Disclaimer:
Weekly rental rates and eligibility criteria for affordable housing are subject to change based on Affordability Scheme legislation and household composition. Pets are subject to approval. Exclusive use of dining and entertainment rooms is subject to availability and approval, additional terms and conditions, and fees and charges may apply. Bike storage is available on a limited, first-in basis. EV charging is available on a limited, first-in basis, additional terms and conditions and fees may apply. Car park spaces are subject to availability, additional terms and conditions and fees apply.

View Listing

703/132 Kavanagh Street,
Southbank,
VIC
3006

Light filled corner 1-bed apt

$535 / week

Available from 24 April 2026
We believe that everyone deserves a place to call home – one that’s safe, vibrant, and welcoming. We’re committed to creating opportunities for everyone to live close to work, study, and community.
Southbank apartments features a number of thoughtfully designed, affordable studio and 1-bedroom rental apartments, bringing affordable city living to the heart of Melbourne.

$535 per week

Southbank applies the following eligibility criteria for affordable housing:
– You (or the primary applicant) are at least 18 years old.
– All household members are Australian citizens or hold appropriate residency status.
– You do not own residential or commercial property.
– All adults in the household have a stable rental history.
- The required two (2) Income Thresholds listed below are met.

1. Maximum Household Taxable Income
We need to assess your Maximum Household Taxable Income in accordance with the Income Tax Assessment (Build to Rent Developments) Determination 2024. Your household taxable income is based on the most recent Notice of Assessment(s) from the Australian Taxation Office. In order to meet this criteria, your taxable income for the household mix cannot be higher than that outlined below.

Household composition:
– One (1) adult = AUD $127,988 p.a.
– Two (2) adults = AUD $138,654 p.a.
– One (1) or two (2) adults + child(ren) = AUD $149,320 p.a.

2. Household Income Limit
We also need to assess your Household Income, which is a little different to your Household Taxable Income. Household Income Limit is calculated by annualising your last three pay slips to estimate your gross annual income, in addition to adding any other funds you may have received throughout the year (for example, child support payments, Centrelink assistance or dividend payments).

Household composition:
– One (1) adult = A$74,080 p.a.
– Two (2) adults = A$111,110 p.a.
– One (1) or two (2) adults + child(ren) = A$155,550 p.a.

Take the first step
Check your eligibility and enquire today. Our team is here to guide you through the process. Enquire now.

Apartment features:
Bright, open living spaces with floor-to-ceiling windows.
Modern kitchens with an induction cooktop and a full-sized oven.
Ducted air conditioning throughout.
Private balconies in many apartments.
White goods are included (fridge, dishwasher, washing machine and clothes dryer).

Community perks*:
Private kitchen and several private dining and entertainment rooms.
Outdoor landscaped gardens with barbecues and rooftop terraces.
Heated outdoor pool, sauna and games room.
Fully-equipped gym and co-working spaces.
Pet-friendly apartments

*Disclaimer:
Weekly rental rates and eligibility criteria for affordable housing are subject to change based on Affordability Scheme legislation and household composition. Pets are subject to approval. Exclusive use of dining and entertainment rooms is subject to availability and approval, additional terms and conditions, and fees and charges may apply. Bike storage is available on a limited, first-in basis. EV charging is available on a limited, first-in basis, additional terms and conditions and fees may apply. Car park spaces are subject to availability, additional terms and conditions and fees apply.

View Listing

501/132 Kavanagh Street,
Southbank,
VIC
3006

Modern 1-bed apt with balcony

$532 / week

Available from 24 April 2026
We believe that everyone deserves a place to call home – one that’s safe, vibrant, and welcoming. We’re committed to creating opportunities for everyone to live close to work, study, and community.

Southbank apartments features a number of thoughtfully designed, affordable studio and 1-bedroom rental apartments, bringing affordable city living to the heart of Melbourne.

$532 per week

Southbank apartments apply the following eligibility criteria for affordable housing:
– You (or the primary applicant) are at least 18 years old.
– All household members are Australian citizens or hold appropriate residency status.
– You do not own residential or commercial property.
– All adults in the household have a stable rental history.
- The required two (2) Income Thresholds listed below are met.

1. Maximum Household Taxable Income
We need to assess your Maximum Household Taxable Income in accordance with the Income Tax Assessment (Build to Rent Developments) Determination 2024. Your household taxable income is based on the most recent Notice of Assessment(s) from the Australian Taxation Office. In order to meet this criteria, your taxable income for the household mix cannot be higher than that outlined below.

Household composition:
– One (1) adult = AUD $127,988 p.a.
– Two (2) adults = AUD $138,654 p.a.
– One (1) or two (2) adults + child(ren) = AUD $ 149,320 p.a.

2. Household Income Limit
We also need to assess your Household Income, which is a little different to your Household Taxable Income. Household Income Limit is calculated by annualising your last three pay slips to estimate your gross annual income, in addition to adding any other funds you may have received throughout the year (for example, child support payments, Centrelink assistance or dividend payments).

Household composition:
– One (1) adult = A$74,080 p.a.
– Two (2) adults = A$111,110 p.a.
– One (1) or two (2) adults + child(ren) = A$155,550 p.a.

Take the first step
Check your eligibility and enquire today. Our team is here to guide you through the process. Enquire now.

Apartment features:
Bright, open living spaces with floor-to-ceiling windows.
Modern kitchens with an induction cooktop and a full-sized oven.
Ducted air conditioning throughout.
Private balconies in many apartments.
White goods are included (fridge, dishwasher, washing machine and clothes dryer).

Community perks*:
Private kitchen and several private dining and entertainment rooms.
Outdoor landscaped gardens with barbecues and rooftop terraces.
Heated outdoor pool, sauna and games room.
Fully-equipped gym and co-working spaces.
Pet-friendly apartments

*Disclaimer:
Weekly rental rates and eligibility criteria for affordable housing are subject to change based on Affordability Scheme legislation and household composition. Pets are subject to approval. Exclusive use of dining and entertainment rooms is subject to availability and approval, additional terms and conditions, and fees and charges may apply. Bike storage is available on a limited, first-in basis. EV charging is available on a limited, first-in basis, additional terms and conditions and fees may apply. Car park spaces are subject to availability, additional terms and conditions and fees apply.


View Listing

101/132 Kavanagh Street,
Southbank,
VIC
3006

Cleverly designed studio apt

$536 / week

Available from 30 March 2026
We believe that everyone deserves a place to call home – one that’s safe, vibrant, and welcoming. We’re committed to creating opportunities for everyone to live close to work, study, and community. Our apartments features a number of thoughtfully designed, affordable studio and 1-bedroom rental apartments, bringing affordable city living to the heart of Melbourne.

$536 per week

The following eligibility criteria for affordable housing:
– You (or the primary applicant) are at least 18 years old.
– All household members are Australian citizens or hold appropriate residency status.
– You do not own residential or commercial property.
– All adults in the household have a stable rental history.
- The required two (2) Income Thresholds listed below are met.

1. Maximum Household Taxable Income
We need to assess your Maximum Household Taxable Income in accordance with the Income Tax Assessment (Build to Rent Developments) Determination 2024. Your household taxable income is based on the most recent Notice of Assessment(s) from the Australian Taxation Office. In order to meet this criteria, your taxable income for the household mix cannot be higher than that outlined below.

Household composition:
– One (1) adult = AUD $127,988 p.a.
– Two (2) adults = AUD $138,654 p.a.
– One (1) or two (2) adults + child(ren) = AUD $149,320 p.a.

2. Household Income Limit
We also need to assess your Household Income, which is a little different to your Household Taxable Income. Household Income Limit is calculated by annualising your last three pay slips to estimate your gross annual income, in addition to adding any other funds you may have received throughout the year (for example, child support payments, Centrelink assistance or dividend payments).

Household composition:
– One (1) adult = AUD $74,080 p.a.
– Two (2) adults = AUD $111,110 p.a.
– One (1) or two (2) adults + child(ren) = AUD $155,550 p.a.

Take the first step
Check your eligibility and enquire today. Our team is here to guide you through the process. Enquire now.

Apartment features:
Bright, open living spaces with floor-to-ceiling windows.
Modern kitchens with an induction cooktop and a full-sized oven.
Ducted air conditioning throughout.
Private balconies in many apartments.
White goods are included (fridge, dishwasher, washing machine and clothes dryer).

Community perks*:
Private kitchen and several private dining and entertainment rooms.
Outdoor landscaped gardens with barbecues and rooftop terraces.
Heated outdoor pool, sauna and games room.
Fully-equipped gym and co-working spaces.
Pet-friendly apartments

*Disclaimer:
Weekly rental rates and eligibility criteria are subject to change based on Affordability Scheme legislation and household composition. Pets are subject to approval. Exclusive use of dining and entertainment rooms is subject to availability and approval, additional terms and conditions, and fees and charges may apply. Bike storage is available on a limited, first-in basis.

View Listing

Frequently Asked Questions

What is considered an 'affordable rental' home in Australia?

An affordable home is a rental property offered at a lower price than typical market rates. These homes are designed to help people on low to moderate incomes by keeping rent at a more manageable level. They’re usually provided by community housing organisations, government programs, or some private developers.

Eligibility usually depends on income thresholds, household size, residency status and local demand. Specific criteria are set by each state or provider. You can utilise our Household Eligibility Calculator to check your specific circumstances and see if you are eligible for a rental under an affordable housing policy. 

Applicants must satisfy criteria at the time of application and must continue to meet them on an ongoing basis, subject to the eligibility review process. 

Income limit applies: Your household’s gross annual income must be within the published limits for your household type (e.g., single, couple, family). These limits are set by Housing Australia and updated annually.

Principal Residence: The property must be your primary home.

Age Requirement: All leaseholders must be 18 years or older.

Household Size: The number of occupants must suit the property size (e.g., no overcrowding).

Documentation Required: Applicants must provide proof of income (e.g., payslips, ATO statement, Centrelink statement), photo ID, and rental references.

Rental History: Applicants must pass standard tenancy checks (no serious breaches or arrears).

Annual Reviews: Eligibility and income will be reviewed annually. Rent may adjust if your income changes.

No Subletting: Subletting is not permitted.

Bond & Rent in Advance: One month’s rent (at the discounted rate) plus bond is payable before move-in.

Lease Term: Minimum 12 months; up to 5 years available if eligibility continues.

To help us process your application smoothly and confirm your eligibility for the affordable housing scheme, we will ask you to provide a few key documents. Preparing these in advance can make the process much faster. Generally, you will need to supply:

  • Proof of identity: You will need to complete an ID check. This can include a driver’s licence, passport, or other government-issued photo ID for each applicant. We need this to verify who you are.
  • Proof of income: To confirm you meet the income requirements for the scheme, we’ll need documents such as your latest ATO statement from the most recent financial year, payslips covering at least 2 consecutive pay periods, recent Centrelink Income Statement.This helps us ensure the homes go to those the scheme is designed to support. 
  • Rental History: Information about your previous tenancies, including references from past landlords or property managers, helps us understand your reliability as a tenant.

When you express interest in a property, we will provide a complete checklist so you know exactly what is needed. Our friendly team is here to guide you through gathering these documents and answer any questions you might have along the way. 

Applying is straight forward! 

  1. Check your eligibility: Review the eligibility criteria on each listing to understand if your household size and income fall within the required limits for that property. 
  2. Check out our listings: Look through our range of properties (all properties available on Essence Homes are offered under an affordable housing scheme, with rent reductions already applied to the listing price). 
  3. Submit an enquiry: Express your interest in a specific property that suits your household size and income threshold. 
  4. Inspect the property: We will conduct an eligibility check, and if you are eligible 

We offer fixed-term rental agreements with a minimum term of 12 months. This helps provide some stability and give you a home you can really settle into. Short-term leases are not available for properties under the affordable housing program. 

You have the option to lease for up to 5 years if eligibility continues.

Find a home that works for you

Long leases. Transparent pricing. No compromise on quality. If this feels like the right fit, we’d love to hear from you.