What is NRAS? (National Rental Affordability Scheme)
National Renters Affordability Scheme (NRAS) is an Australian Government initative aimed at increasing the number of affordable rental properties. The scheme offer's investor's annual refunable tax offsets or payments every year for 10 years, provided the new homes are rented to eligible low to moderate income households at 20 per cent below market value. It is NOT a social welfare program or housing commision- it targets WORKING MIDDLE CLASS AUSTRALIAN FAMILIES such as teachers, police officers, firemen, health care workers etc.
In Queensland the tenants for NRAS properties must be sourced through the Housing Rigeter operated by the Queensland Department of Housing. Potantial tenants can apply to have themeselves put on this register, if they fall within the income range, then they can apply to rent one of the properties. When applying to rent one of the properties they will need to still go through the normal rental tenancy application process including providing references. Income levels do not guarantee eligibility. Potential tenants that fall within the income range include nurses, tueachers, police officers, ambulance officers, firemen etc.
The following information is taken from the Australian Government Department of Sustainability, Environment, Water, Population and Communities website
NRAS Incentive Indexed
NRAS Incentive is indexed according to movements in the Rents component of the Housing Group COnsumer Price Index for the year, December quarter to December quarter as at 1 March, using the weighted average rate of eight capital cities housing component, and is effective from 1 May.
Incentive value for 1 May 2009 - 30 April 2010
Current NRAS year
Past NRAS years
For more information regarding NRAS and NRAS properties please contact
Rockwealth Properties on 0424060003 or email us on