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 49, 547 61,934
2 adults 68,501 85,627
3 adults 87,455 109,319
4 adults 106,409 133,012
Sole parent with 1 child 68,548 85,685
Sole parent with 2 children 84,983 106,229
Sole parent with 3 children 101,418 126,773
Couple with 1 child 84,936 106,170
Couple with 2 children 101,371 126,714
Couple with 3 children 117,806 147,258

Household income limits are indexed annually on 1 May in accordance with the NRAS tenant income index. Effective 1 May 2017.

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 $49,547
Each additional adult $18,954
Each child $16,435
First sole parent $52,113
Independent minor $49,547

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 Tasman
3/60 Tasman Street, Devonport
Rent per week:
$260
Property type: Newly completed 3 bedroom villa unit with open plan living and kitchen including dishwasher and reverse cycle aircon, good storage, built ins in bedrooms, large garage with internal access, low maintenance yard with small undercover entertaining area.
Bedrooms: 3
Bathrooms: 1
State: Tas
Available: Now. Please contact Jenny or Harley at VIEW Devonport to arrange a viewing. Ph: 6424 4007


4 Tasman.jpg
4/68 Tasman Street, Devonport
Rent per week:
$236
Property type: Modern 2 bedroom villa with garage, open plan living, small yard.
Bedrooms: 2
Bathrooms: 1
State: TAS
Available: 18/12/17. Please contact Minna at Harcourts Devonport to arrange a viewing. Ph: 6423 2500.


2 Waniora
2/10 Waniora Street, Devonport
Rent per week:
$240
Property type: Private 2 bedroom conjoined unit (joined at garage with front unit), open plan living, dishwasher, heat pump, hide-away laundry, enclosed yard
Bedrooms: 2
Bathrooms: 1
State: Tas
Available: 12/12/17. Please contact VIEW Devonport to arrange a viewing. Ph: 6424 4007


7 Channel
7/107 Channel Highway, Kingston
Rent per week:
$272
Property type: 2 bedroom villa unit with garage, enclosed yard, heat pump, open plan living and kitchen. No pets.
Bedrooms: 2
Bathrooms: 1
State: TAS
Available: Available 4th January, 2018. Please contact Harcourts Kingborough to arrange a viewing. Ph: 6229 0005.