National Rental Affordability Scheme

(NRAS) 

How much is the incentive?

Currently the incentive is approximately $9,140 per annum paid for 10 years TAX FREE, indexed to Rental CPI.

What are the main conditions for receiving NRAS?

• Need to purchase an NRAS approved dwelling.  Yaran has approval for over 1100 NRAS allocations.   
• Rent is discounted by 25% from market rent
• Income limits apply to tenants

What are the tenant’s income limits?

The income limits are generous and ensure that the target demographic (constituted by Middle income tenants such as nurses, policemen, government workers, etc) will benefit from NRAS.

Tenant income limits

Household type	Initial income limit $	Upper income limit $
One adult	42,386	52,983
2 adults	58,596	73,246
3 adults	74,808	93,510
4 adults	91,048	113,773
Sole parent with 1 child	58,638	73,298
Sole parent with 2 children	72,695	90,869
Sole parent with 3 children	86,752	108,440
Couple with 1 child	72,653	90,817
Couple with 2 children	86,710	108,388
Couple with 3 children	100,768	125,960

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

The above income limits represent approximately 68% of the Australian population.

Example Cashflow Structure