The Federal Government’s Budget 2012 announcement has the National Rental Affordability Scheme (NRAS) on a steady-as-she-goes course. After last year’s budget significantly adjusted the timing of the roll out of NRAS properties, this year’s budget reaffirms the Gillard Government’s commitment to NRAS.
The Minister for Housing, Brendan O’Connor, states:
“We will continue to support the $4.5 billion National Rental Affordability Scheme, delivering 50,000 new rental homes across Australia by 2016.
To date, we have delivered nearly 8000 new homes across Australia through the Scheme to be rented to low and moderate income earners, including essential service workers such as childcare workers, nurses, police officers and fire-fighters, at reduced market rates.”
The first four rounds of NRAS incentives offered by the Government will see 35,000 homes built and tenanted by 2014. A further 15,000 incentives are yet to be allocated and no announcement has been made by the Government on how these will be distributed.
You can find comprehensive information about NRAS at “The Full Story on NRAS” and available NRAS properties for sale in our NRAS Property Catalogue Seminars providing an opportunity to learn about NRAS and participate in a Q&A session can booked at NRAS Seminars.