NRAS CRITERIA

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

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