This is a general overview about NRAS. Your individual situation may differ and please seek a consultant for review before you make any investment decisions.
Do visit the Australian Government Department of Social Services, Housing Support for the latest updates.
What is NRAS?
The National Rental Affordability Scheme (NRAS or the Scheme) is a partnership between the Australian Government and the states and territories to invest in affordable rental housing.
Australia’s property investment story has always been about Sydney, Melbourne and Brisbane. Even the local property investment magazines, gurus and websites has always been reporting on these 3 major cities while casting Perth into the pool of so-called second tier cities.
Truth be told, we beg to differ and think that Perth is probably one of the most underrated investment location we think is on its way to be a possible dark horse in the Australia property market.
Perth is probably the most underrated market in Australia. Before the GFC, Perth was Australia’a 2nd most expensive capital city. In 2013, Australian house prices grew almost 10% with Perth being the 2nd best performing market gaining 9.9%. But the fact was lost of course with Sydney and Melbourne taking the limelight. It’s time we shed light on this hidden gem of the Australia market.