NRAS Australia - Facts and figures about NRAS the national rental affordability scheme
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National Rental Affordability Scheme Facts

The NRAS program (National Rental Affordability Scheme) is designed to stimulate the building of rental homes in growth areas to satisfy a high demand for reasonably priced rental property by middle income Australian families.
Currently, housing affordability is at crisis levels.
For our society to operate efficiently and effectively, people need to affordably live in close proximity to the areas they work. This generally means that they should not have to spend more than 30% of their household income on rent.
Amongst others key workers such as nurses, teachers, police officers, fire fighters, ambulance operators and other contributing members essential to our society need to be able to access housing which is affordable.
The NRAS incentive is available to nearly all dwelling types such as houses, apartments, villas, flats and town houses.
The design and quality of NRAS dwellings are no different to what was already going to be delivered into the market by the developer, in fact the Government in its criteria of assessment spends considerable focus on insuring this is the case. So a great, quality build with the added advantage of a NRAS endorsement, providing you a better return.

NRAS is short for National Rental Affordability Scheme

The NRAS scheme is a Federal and State Government backed incentive scheme which is 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. It is not social housing.
  • 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.
  • You might like to look at the NRAS FAQ - Frequently asked Questions
    The government aims to achieve this by providing a tax-free 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 $109,264 pa. (And even higher upper limits of $136,580 pa. see the government NRAS documentation)
    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.
    The NRAS scheme is funded for up to 50,000 dwellings but only a percentage are available for private property investors. If you are interested in building a portfolio of secure property then now is the time to move. All investments will be built and tenanted by 30 June 2016 and the advantage is secure a property today and the owners of NRAS Properties will continue to get the tax-free incentives for ten years from completion and tenancy of the property commencing at the then indexed amount.

    More information explaining NRAS
    Find out more about NRAS compared with DHA (Defense Housing Australia)
    Compare NRAS with Non NRAS property returns
    Find out more about the NRAS Australia iPhone App
    Find out more about the Removing any pitfalls with NRAS investment.
    Find out more about NRAS investment inside your SMSF.
    See NRAS FAQ for more - Frequently asked Questions

    NRAS - How to find out more

    Register & find out more.

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    Take a look at the extensive NRAS Properties Listing and see which ones may best suit your personal needs. You can enter your personal details and see which properties are best for your personal situation.

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    NRAS Australia delivers facts and figures on the national rental affordability scheme, which is a social impact investment opportunity across a broad spectrum of nras real estate. It carries across New South Wales (NSW), Queensland (QLD), Western Australia (WA) and South Australia (SA). You can find specifics about individual nras development projects such as nras new south wales,nras qld,nras queensland,nras wa,nras western australia,nras sa,nras south australia, within the NRAS Australia site.