٥ NRAS Facts and Figures

NRAS Facts and Figures

Key Facts About NRAS

What is NRAS?

  • NRAS stands for the National Rental Affordability Scheme
  • The Australian Government made their pledge to the scheme and it started on July 1st 2008
  • NRAS is available in all Australian capital cities and some regional areas

What are the objectives of NRAS?

  • To deliver approximately 50,000 rental dwellings for low to middle income families by 2016
  • NRAS is an alternative to government housing, whereby private property owners can benefit from a tax incentive from a tax incentive and provide quality housing below market rental rates
  • The scheme aims to support those families who have an annual income of less than $108,169

What are the benefits?

  • Private property owners will benefit from:
    • a positive cash flow investment
    • tax incentives (either being a refundable tax offset or a grant)
    • good tenants who have been assessed against an eligibility criteria
  • Properties can be purchased under a self-managed superannuation fund
  • Tenants benefit from having access to new properties, 20% below the average rental market

What are the considerations?

  • The property is committed to the Scheme for a 10 year period
  • It can be sold, however the new purchaser must agree to apply with the NRAS obligations
  • The property must be new or not previously used as a residence
  • Multi-storey developments can consist of a combination of NRAS and non-NRAS apartments

Would like to know more or invest in a NRAS property?

  • Contact Dovetail Developments on 1800 220 148