NATIONAL RENTAL AFFORDABILITY SCHEME
 
TENANTS
Eligibility Criteria
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PROPERTY OWNERS
Investor Opportunity
Properties for sale
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

3 Stevens.jpg
3/2 Stevens Place, Burnie
Rent per week:
$277
Property type: Superb 9 year old town house in prime West Burnie location. Two bedrooms, one bathroom, garage with internal access. Low maintenance yard, reverse cycle air conditioner. No pets.
Bedrooms: 2
Bathrooms: 1
State: TAS
Available: 18/9/19. Please contact L J Hooker Burnie to arrange a viewing. Ph: 6432 3000.


13 SOUTHERN
13 Southern Cross Drive, Ulverstone
Rent per week:
$295
Property type: Lovely bright 3 bedroom home with ensuite, large open plan living, double garage, reverse cycle aircon, good sized yard (not fenced - no pets). The property is currently for sale but our head lease is until July, 2021.
Bedrooms: 3
Bathrooms: 2
State: TAS
Available: By negotiation end of August/early September. Please contact William at Harcourts Ulverstone and Penguin to arrange viewing. Ph: 6425 7999.


2_24PALMERSTON
2/24 Palmerston Avenue, Prospect
Rent per week:
$268
Property type: Private 2 bedroom villa (one of two), garage with internal access, heat pump, small low maintenance yard, no pets, dishwasher.
Bedrooms: 2
Bathrooms: 1
State: TAS
Available: 21/10/19. Please contact Living Here Launceston to arrange a viewing. Ph: 6332 3500