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中文National Rental Affordability Scheme--Narre Warren
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Property Description
The National Rental Affordability Scheme, commonly known as NRAS, is an Australian Government investment scheme targeted at investors to help boost the supply of housing and reduce the current rental crisis.
Simply put, the NRAS property is let to eligible tenants for 20% below market rent, and the Australian and State Governments provide an incentive for them to do so in the form of refundable tax offsets and direct payment for a period of 10 years. The incentive increases annually with CPI over the NRAS period.
NRAS Incentives
The scheme offers annual incentives to owners of approved dwellings for 10 years. The two key components of the Incentive are:
• A Commonwealth Government Incentive indexed for 10 years and currently at $6,855 per dwelling per year as a refundable tax offset or payment; and
• A State Government Tax Free Incentive indexed for 10 years and currently at $2,285 per dwelling per year.
The incentive is provided annually on the condition that throughout the ten-year period the dwelling is rented at 20% below the market rent to eligible low and moderate-income households.
NRAS incentives are indexed annually by the Housing Group component of the Consumer Price Index at the CPI rental rate for in capital cities in Australia.
Casey Gardens
• Located in Narre Warren, Victoria - 37km SE Melbourne
• Approximately 40 minutes from the CBD
• 4.14 hectare site - redevelopment of existing Caravan Park
• Adjacent to Principle Activity Centre: Fountain Gate Shopping Centre, local shops and services
• Excellent access to public transport, education and employment nodes
• NRAS incentives allocated
• Stage 1 includes 164 dwelling in two buildings including 1 bed studios, 1 bed & 2 bed apartments
• Retail and community facilities onsite
• Planning Approval issued