NATIONAL RENTAL AFFORDABILITY SCHEME
 
TENANTS
Eligibility Criteria
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PROPERTY OWNERS
Investor Opportunity
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Eligibility Criteria
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PROPERTIES AVAILABLE FOR RENT
 

Tenant eligibility

New NRAS dwellings will become available for rent from 30 June 2012 and will continue to be rented under the Scheme for up to 10 years. As there is considerable demand for these dwellings there is no guarantee that you will be able to rent a dwelling developed under the Scheme.

The Australian Government does not select tenants or maintain a waiting list for homes supported by NRAS. This is done by the tenancy manager of the particular property, in this case MALI Property Group. You will need to contact us directly to register your interest. The allocation of NRAS dwellings managed by MALI to tenants is assessed by, and at the discretion of MALI.

Tenant Income Levels

NRAS homes are required to be rented to eligible tenants at least 20 per cent below the market rent to be eligible for the National Rental Incentive annually. The income levels for eligible tenants are specified in the NRAS Regulations. Initial tenant income levels are assessed against gross income according to the household composition as identified below.

Household type Initial income limit $ Upper income limit $
One adult 51, 398 64, 248
2 adults 71, 061 88, 827
3 adults 90, 724 113, 405
4 adults 110, 387 137, 984
Sole parent with 1 child 71,110 88, 888
Sole parent with 2 children 88,160 110, 200
Sole parent with 3 children 105, 210 131, 513
Couple with 1 child 88, 111 110, 139
Couple with 2 children 105, 161 131, 452
Couple with 3 children 122, 211 152, 764

Household income limits are indexed annually on 1 May in accordance with the NRAS tenant income index. Effective 1 May 2019.

Eligible tenants’ income must be equal to or less than the initial income limit when they become a tenant of an NRAS dwelling. Income may increase up to 25 per cent (the upper income limit) before their eligibility is affected.

Incoming NRAS eligibility for household types not covered above can be calculated using the values below:

Person type Income level
First adult $50, 489
Each additional adult $19, 315
Each child $16, 748
First sole parent $53, 104
Independent minor $50, 489

For NRAS purposes, a household is considered to be all persons ordinarily residing in the dwelling. Therefore all adults who ordinarily reside in an approved rental dwelling are to have their income included as a member of the one household, in accordance with the income limits.

Properties available for rent

80a drake
80a Drake Street, Devonport
Rent per week:
$196
Property type: Compact two bedroom house on own block. Reverse cycle airconditioner, built-ins in both bedrooms, combined bathroom/laundry. Off street parking - not covered
Bedrooms: 2
Bathrooms: 1
State: Tas
Available: 29/2/20. Please contact Sandi at Harcourts Devonport to arrange a viewing. Ph: 6423 2500.


23a Heemskirk
23a Heemskirk Street, Warrane
Rent per week:
$320
Property type: This lovely two bedroom home is located close to Eastlands and in a quiet spot. It has two bedrooms and two bathrooms, an open plan living and kitchen with reverse cycle airconditioning, garage and low maintenance yard. Lease is available until 15/9/21.
Bedrooms: 2
Bathrooms: 2
State: Tas
Available: 27/2/20. Please contact Jonathan at L J Hooker Glenorchy to arrange a viewing. Ph: 6272 8177.


1 Freshwater
1/118a Freshwater Point Road, Legana
Rent per week:
$340
Property type: Modern three bedroom villa in quiet complex of eight. Open plan living, ensuite, low maintenance yards, reverse cycle airconditioner, garage. No pets.
Bedrooms: 3
Bathrooms: 2
State: TAS
Available: Available 19/4/20. Please contact Living Here Launceston to arrange a viewing from mid-late March. Ph: 6332 3500.