NRAS Property Investment Adelaide

WHAT IS NRAS?

The National Rental Affordability Scheme (NRAS) was introduced by the Federal Government in July 2008 to encourage construction of new dwellings in Australia.

NRAS aims to address the shortage of affordable rental housing by offering tax free incentives to build and rent new homes to low and moderate income households at a rate that is at least 20% below the market rate.

THE INCENTIVES

The Government incentives are either a Refundable Tax Offset or non assessable non exempt income. This means that the Government incentives are tax free. It is paid annually for up to ten years.

Incentives are indexed annually at the housing rental component of the CPI. The current NRAS year (2013/2014) incentives are $10,350.

NRAS APPROVED PROPERTY

The Federal and State Governments have selected the blocks of land that the builders will build the affordable housing on.

A NRAS approved property must be rented at a discount at least 20% below the market rent.

THE TENANTS

A NRAS approved property can only be tenanted by an eligible tenant/s. NRAS aims to provide affordable rental housing for the nations critical infrastructure workforce as well as other low to moderate income earners.

NRAS is not a public housing program; it is a tax incentive to induce more private investment in the lower price range of the residential market.

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NRAS in Adelaide | Download the NRAS Facts

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