NRAS


Renting an NRAS Property


Would you like to save 20% or more on your rent?   If your answer is 'YES', then you should check out the National Rental Affordability Scheme (NRAS).  This fantastic government funded program helps tens of thousands of people gain access to high quality new properties including houses, duplexes, townhouses and apartments.  To learn more about whether you are eligible for NRAS, please click the on-line eligibility checklist below.   Affinity Property Australia is one of Australia's leading managers of NRAS properties.  The NRAS scheme is supported by the Australian Government and the Queensland State Government.   For more information about our available NRAS properties, visit our NRAS Properties for Rent  


Information on Investing in NRAS Properties


NRAS INVESTMENT PROPERTIES  NRAS is an Australian Government initiative to make rental properties more affordable by encouraging large-scale investment in rental housing for low to moderate income families and individuals.  Its aim was to assist institutional investors, private investors, developers, and not-for-profit groups to deliver up to 50,000 rental dwellings.  The scheme was introduced in 2008 and as at March 2015 it had delivered approximately 37,500 new dwellings across Australia.   The scheme offers investors a tax free National Rental Incentive of up to $114,962* over 10 years if the property is rented to eligible low and moderate income households at 20 per cent below market rates (* based on 5% increase in NRAS Incentive over 10 year period, commencing 2010).    NRAS is focused on the delivery of AFFORDABLE HOUSING … NOT SOCIAL HOUSING.  The scheme has been designed to encourage property investors to deliver new housing in ar...


Claiming your NRAS Incentive


The NRAS Year is offset from the financial year by two months and runs from 1st of May to 30th April each year. The Federal Government contributes 75% of the National Rental Incentive (NRI) for NRAS each year, with the other 25% being contributed by the State and Territory Governments. The NRI is indexed annually to the CPI and is $11,192.13 for the 2018 - 2019 NRAS Year. Please click here to view the Australian Government NRAS Incentive indexation fact sheet.Federal Government Incentive PaymentThe Federal Government’s portion is claimed as a Refundable Tax Offset (RTO) on your income tax return and is paid directly to you by the Australian Taxation Office (ATO) through the NRAS Approved Participant. In past years the Federal Government has issued RTO (Refundable Tax Offset) certificates to your NRAS Participant by late July and the certificates are then forwarded to you (the NRAS Investor).  For the 2013-14 NRAS Year there was a significant delay in the issue of NRAS R...

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NRAS Indexation 2018-19


The latest NRAS CPI report is available here


How do I transfer my NRAS Property to a New Manager?


The Federal Government has recently introduced new legislation enabling NRAS Property Investors to transfer the management of their NRAS Property to another NRAS Approved Participant.  This is great news for investors who are unhappy with their existing NRAS arrangements!   The purpose of the new legislation is to provide NRAS investors with much greater protection.  Investors can lodge a request to transfer their NRAS property from one provider to another for a range of reasons, including: there has been a failure by the approved participant to comply with a condition of the NRAS allocation; the approved participant provided false or misleading information to an investor; the approved participant contravened a consumer protection law, such as engaging in misleading or deceptive conduct in relation to their allocation, or engaging in unlawful anti-competitive conduct; forcing investors to comply with unreasonable requirements or systematically failing to respond ...


What's happening with NRAS Rents in 2018-19


NRAS CPI Index for Queensland in 2018-19   The NRAS CPI Index for Queensland in 2018-19 is -0.4%.  This means rents for all NRAS properties in Queensland will decrease in 2018-19, unless your property has a positive market rental valuation.   How Can I Get the Best Market Rental Valuation?   Under the NRAS Program, market rental valuations only occur for NRAS properties in their fourth and seventh years.  To help clients get the best possible market rental valuation, Affinity Property is preparing detailed market appraisal reports for all clients with upcoming 4th year and 7th year NRAS valuations.  If you have a property that is in it's 4th or 7th year of NRAS and would like a detailed market appraisal report, please request your market rental appraisal report today.    What happened with NRAS Investment Properties in 2017?   We saw property investment conditions change significantly in 2017. ...