NRAS = National Rental Affordability Scheme which means tenants are able to secure premises at 20% less than market rent if they meet certain criteria.
The criteria is as follows:
1: Income thresholds
One adult: $45,496
2 adults: $62,899
3 adults: $80,302
4 adults: $97,705
Solo parent with 1 child: $62,943
Solo parent with 2 children: $78,033
Solo parent with 3 children: $93,123
Couple with 1 child: $77,989
Couple with 2 children: $93,079
Couple with 3 children: $108,169
2: Tenants must sign a Fixed Term Tenancy of at least 12 months
3: Statutory Declarations need to be filled in and signed on an annual basis along with other documentation provided at open for inspections
POINTS TO NOTE:
Income threshold is based on your gross income i.e Before Tax
You must inspect the property prior to making application (see ad for next open time)
A specific application form and declaration form will be provided for completion at the open home
For further information please see: http://www.nrasaustralia.com.au/national-rental-affordability-scheme-nras-tenants
If you are a property investor that is looking to have your property managed by an NRAS approved agent, please contact Esme Gordon at Harcourts City Residential on 03 9664 8100 or email esme.gordon@harcourts.com.au