The National Rental Affordability Scheme (NRAS) is a long-term commitment by the Australian and Queensland Governments to develop a sustainable solution to the housing shortage by assisting investors who are prepared to build affordable rental housing.
The NRAS seeks to address the shortage of properties currently suitable and available for low-moderate income households by providing incentives to:
- increase the supply of affordable rental dwellings;
- reduce rental costs for low to moderate income households; and
- encourage large-scale investment and innovative delivery of affordable housing.
The scheme provides eligible individuals and families NRAS dwellings at a discounted rate whilst offering investors a tax-free investment option that increases the supply of affordable housing in Australia by up to 50,000 dwellings at a rate 20 per cent below market rate.
Investors will benefit from enhanced cash returns; tax benefits, capital gains and reduced vacancy rates over the 10-year life of their NRAS incentive.
Coast2Bay Group is proud to be a participating not-for-profit partner of the NRAS program.