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 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 any of our available NRAS properties, visit our Properties for Rent           Tenant Eligibility for NRAS Household incomes can range between $51,398 (single person household) up to $152,764 (family with 3 kids).  Consequently...


Claiming your NRAS Incentive


How Do NRAS Incentive Payments Work? What is NRAS? The National Rental Affordability Scheme (‘NRAS’ or ‘the Scheme’) is an Australian Government affordable housing initiative, delivered in partnership with state and territory governments. NRAS commenced on 1 July 2008.  The Scheme: provides annual financial incentives to investors for up to ten years; dwellings must be rented to eligible NRAS tenants at 80 per cent or less of the market value rent; was intended to increase the supply of affordable rental housing; reduces the rental costs for low to moderate income households; was designed to encourage large-scale investment in affordable rental housing. NRAS homes are not social housing – they are affordable private rental homes.  The Scheme will conclude in 2026. 2019-2020 NRAS Incentive Payment 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 7...

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NRAS Alert - ACCC Alleged False or Misleading Conduct By NRAS Approved Participant


Alleged false or misleading and unconscionable conduct by Quantum Housing 29 April 2019 The ACCC has instituted proceedings in the Federal Court against Quantum Housing Group Pty Ltd (Quantum) alleging unconscionable conduct and false, misleading or deceptive conduct relating to the National Rental Affordability Scheme (NRAS). The ACCC alleges that Quantum’s director, Cheryl Howe, was involved in the conduct. Quantum is an approved participant of the NRAS, meaning it is entitled to receive incentives under the NRAS and is responsible for ensuring NRAS dwellings are compliant with the scheme.   The ACCC alleges that from February 2017 to July 2018 Quantum pressured property investors participating in the NRAS to terminate the arrangements with their existing property managers and to retain property managers recommended or approved by Quantum, and which had commercial links to Quantum.   It is also alleged that Quantum made false or misleading representation...