National Rental Affordability Scheme (NRAS) – Incentive (indexation)

Introduction

The NRAS Incentive is indexed according to movements in the Rents component of the Housing Group Consumer Price Index for the year, December quarter to December quarter as at 1 March, using the weighted average rate of eight capital cities housing component, and is effective from 1 May.

Incentive values

Rents Component — Weighted average of eight capital cities — 3.0% increase in 2014-15

Current NRAS Year

Year

Contributed by

Amount

2014/2015

Australian Government Contribution

$7,996.00

State/Territory Contribution

$2,665.00

Total

$10,661.00

Rents Component — Weighted average of eight capital cities — 3.7% increase in 2013-14

Previous NRAS Year

Year

Contributed by

Amount

2013/2014

Australian Government Contribution

$7,763.00

State/Territory Contribution

$2,587.00

Total

$10,350.00

Rents Component — Weighted average of eight capital cities — 4.8% increase in 2012-13

Past NRAS Year

Year

Contributed by

Amount

2012/2013

Australian Government Contribution

$7,486.00

State/Territory Contribution

$2,495.00

Total

$9,981.00

Rents Component — Weighted average of eight capital cities — 4.2% increase in 2011-12

Past NRAS Year

Year

Contributed by

Amount

2011/2012

Australian Government Contribution

$7 143.00

State/Territory Contribution

$2 381.00

Total

$9 524.0

Rents Component — Weighted average of eight capital cities — 5.4% increase in 2010-11

Past NRAS Year

Year

Contributed by

Amount

2010/2011

Australian Government Contribution

$6 855.00

State/Territory Contribution

$2 285.00

Total

$9 140.00

Rents Component — Weighted average of eight capital cities — 8.4% increase in 2009-10

Past NRAS Years

Year

Contributed by

Amount

2009/2010

Australian Government Contribution

$6 504.00

State/Territory Contribution

$2 168.00

Total

$8 672.00

Rents Component — Base rate in 2008-09

Base rate

Year

Contributed by

Amount

2008/2009

Australian Government Contribution

$6 000.00

State/Territory Contribution

$2 000.00

Total

$8 000.00

More information

For more information visit the National Rental Affordability Scheme.

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