Overview of NRAS

Buying an NRAS approved property is like purchasing any other investment property.

When the Government approves a dwelling under the NRAS scheme, then the investor has a choice. If the investor reduces the market rent by 20% to the eligible tenant, then the investor will receive from the government a minimum of $10,660 (*as long as the property is kept compliant under the scheme) per year tax free, for 10 years. Rental CPI indexed.

Background of NRAS

The NRAS scheme was launched for the purpose of providing assistance and funding to increase the supply of affordable rental dwellings, reduces rental costs to, low to mid income earners and to encourage investment on a large scale to provide more affordable housing. The scheme was introduced by the Liberals and passed by Labor in July 2008. The shortage of houses across Australia in 2008 has been estimated at 85,000 and exceeding 200,000 by 2013.

The scheme is expected to deliver up to 50,000 affordable rental homes Australia wide by 2016.

Eligible tenants are determined on an income basis with service industries such as police, teachers and nurses and social care workers.

The incentives are tax free (as long as the property is kept compliant under the scheme). The NRAS scheme is funded by the Federal and State Government but operated privately.

Benefits of NRAS for Investors

  • Improved rental yields
  • The Investor has title
  • There are no caveats or contracts with the consortiums who our team work with
  • We educate investors and ensure you have the best experience along the whole journey
  • The minimum annual $10,660 (*as long as the property is kept compliant under the scheme)  National Rental Incentive for each rental dwelling will improve rental yields over conventional residential investment properties
  • The NRAS Incentive is income tax free, indexed to the rental component of the Consumer Price Index (CPI) and is complemented by existing taxation arrangements including depreciation
  • We work for you the with the right consortiums for our investors
  • Our investors choose their own tenant

Happy NRAS Investors

  • We would like to thank NRAS Scheme for making our recent NRAS purchase hassle free. The team at NRAS Scheme kept us informed every step of the way and were able to use their experience and expertise to guide us through the NRAS process from initial contact through to completion. Our property was completed in less than three months and tenanted immediately. With just one open for inspection we had 11 rental applications from which to select a suitable tenant. We look forward to dealing with the NRAS Scheme team again in the near future to purchase our next NRAS property.
    Sheridan and Nick
    - NRAS Investors
  • Dear Jo Thank you for organising the purchase of my first NRAS property, I really appreciate your assistance throughout the whole process, from selection of property right through to finalisation of purchase and tenanting of the property. Your level of attention to detail and knowledge of the process made it easy. Most importantly the investment is working out really well for me, I'm about to get my first big refund cheque, the housing consortium and real estate agent that I am using are fantastic and I had a visit last month to the property and it is looking immaculate. I wouldn't hesitate and I have recommended you to my friends and family.
    David S
  • Jo Brown from NRAS Real Estate has been advising me the advantages of NRAS and how to join the scheme. At all times she has been informed, helpful and available to answer all my questions. She has also helped with selection of a solicitor to do the conveyancing and guiding me with what to do next. This has made my while experience with joining NRAS easy and positive.
    Peter A