Affinity Property is a national expert in NRAS, across multiple models. Furthermore, we can help you enter, leave or manage properties in the NRAS program. Regardless of your situation, Affinity is here to help
The National Rental Affordability Scheme (‘NRAS’ or ‘the Scheme’) provides investors with NRAS Tax Free Incentive Payments for investing in affordable housing. NRAS is an Australian Government affordable housing initiative. The Scheme commenced on 1 July 2008, in partnership with state and territory governments.
Summary of NRAS:
Importantly, you should know that NRAS homes are not social housing. In truth, it is mostly mum and dad investors who own NRAS homes.
Also, the owner pays all rental property costs, as is the case with a normal rental property. The NRAS Scheme will conclude in 2026. For detailed government reports about the Scheme CLICK HERE
The NRAS Year runs from 1st of May to 30th April each year. As such, this means it offsets the financial year by two months.
The Federal Government contributes 75% of the National Rental Incentive (NRI) for NRAS each year. Meanwhile, the State and Territory Governments contribute the other 25% of NRI.
The NRI is indexed annually to the CPI. It is $11,270.59 for the 2020 – 2021 NRAS Year.
For more information, view the Australian Government NRAS Incentive 2021 indexation fact sheet on their website. In addition, you can find all prior incentive payments there as well. To view them CLICK HERE
Incentive values have reduced for the 2021-22 NRAS year from the prior year and are listed below.
| Contributed by | Amount |
| Australian Government Contribution | $8,343.05 |
| State/Territory Contribution | $2,781.02 |
| Total | $11,124.07 |
You can claim the Federal Government portion through your income tax return by submitting a Refundable Tax Offset (RTO). After this, the Australian Taxation Office (ATO) pays the incentive directly to your bank account.
Also, please note that your NRAS Approved Participant is responsible for supplying you with your NRAS RTO Certificate.
As of 2021, the Federal Government issue RTO (Refundable Tax Offset) certificates to your NRAS Participant by late July. Afterward, you will receive the certificate as the NRAS Investor. Please contact your NRAS Approved Participant, or contact Affinity Property for information if you are unsure about the timing of payments.
Your RTO needs to be claimed in your Tax Return. Additionally, the process for lodging your return will depend on the entity in which your property was purchased:
In Queensland, the State Government pays the state component of NRI to the NRAS participant. Firstly, the Federal Government issues the RTO certificate to you. After this, the State Government sends its share of the funds to your bank account.
Notably, there are times when you may not receive the full NRAS payment. As such, these are pro-rata payments. Pro-rata is a Latin term meaning “partially”.
NRAS Tax-Free Incentive payments may be paid on a pro-rata basis where:
Further information regarding Incentive Payments can be found at:
Affinity Property has more than 12 years’ experience managing and selling NRAS properties. Not only that, but we are one of Australia’s largest accredited NRAS Property Managers. Furthermore, we have expertise working across multiple NRAS models.
We can advise you on all the important things you need to know. Firstly, which NRAS models are good. Secondly, NRAS models you should avoid. Thirdly, how to set up your NRAS property management arrangements to best safeguard your financial and legal interests.
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At Affinity, we understand the importance of unbiased information, education, and high-quality property advice. Our clients believe this is what sets us apart from other real estate agents. In addition, we manage a wide range of quality homes, duplexes, townhouses, units, and retirement living.
Moreover, our clients include first-time investors through to experienced landlords who own large property portfolios.
Clearly, our team is 100% focused on providing you with outstanding service and assistance.
Need Help With Your NRAS Property?
NRAS Landlords entrust us to reliably manage and sell their properties for greater profitability and less worries.
We get the highest possible rent from quality tenants with many properties leased within 48 hours!
We also consistently sell NRAS properties at prices significantly above the average appraisal.
Our comprehensive 100% Service Guarantee for Landlords ensures you get the best outcome for your investment property.
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