Latest news and updates on NRAS, national rental affordability scheme
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The NRAS program (National Rental Affordability Scheme) is designed to stimulate the building of new rental homes in growth areas to satisfy a high demand for reasonably priced rental property by middle income Australian families.
The aim is to:
Increase the supply of new affordable rental housing.
Reduce rental costs for low and moderate, income households.
Encourage large-scale investment and innovative management of affordable housing.
Grattan Institute economist Saul Eslake identifies the cause of the challenge for rental affordability by highlighting a staggering "Ninety-two per cent of investors in rental property buy established property, so it does nothing to increase the supply of housing or keep rents down..."
The NRAS program is also designed to provide a method and incentive for Australian investors to buy new property, build their wealth and tangible assets, while stimulating the economy and building industry nationally whilst significantly improving the rental affordability in high growth areas.
Explain NRAS.
NRAS is short for National Rental Affordability Scheme. The NRAS scheme is a Federal and State Government backed incentive scheme creating a new investment asset class designed to:
encourage investors to develop additional new houses for the rental market.
provide an affordable rent program for average Australian wage earners as individuals, couples and families. The NRAS tenants are intended to include key and essential service workers, for example, childcare workers, nurses, police officers and fire-fighters.
yield higher than usual returns for investors in the residential property market.
increase the number of rental dwellings built through the stimulation of demand and investment, while supporting the building industry and related jobs and the Australian economy.
The government aims to achieve this by providing a tax incentive for investors in NRAS properties in return for the properties being rented at a discounted rate.
The NRAS scheme is not housing commission or social housing. NRAS properties are rented to private individuals and families with incomes of up to $104,913 pa. Approximately 1.5 million Australians are eligible to be NRAS tenants.
There are strict guidelines for properties to qualify under the NRAS scheme. NRAS properties must be close to transport, schools, shops etc making NRAS properties desirable for tenants and property investors. There are also specified guidelines for the management of NRAS properties. The manager is reponsible for ensuring that tenants meet the income criteria and that they are reviewed against the criteria every two years.
NRAS - How to find out more

How to find out more...

Whether you want a quick overview or an in depth insight, we've got you covered.
Simply login to the webinar and listen to how NRAS property investment can provide negative geared tax advantaged property, with many providing positive cashflow.
These forms of opportunities come around rarely.
Positive Cashflow, Negative Geared.
Digest the information in your own time, at your leisure when it suits you. But once you realise just how much you like what you hear and it all makes sense - Act fast.
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NRAS housing news pages provide relevant information about social impact investment opportunities with national rental affordability scheme certified real estate. It is a national coverage site servicing New South Wales (NSW), Queensland (QLD), Western Australia (WA) and South Australia (SA). Contact us about individual nras development projects or find nras properties under nras new south wales,nras queensland,nras western australia,nras south australia, all within the NRAS housing website.