National Rental Affordability Scheme (NRAS) – Market Rent index
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National Rental Affordability Scheme (NRAS) - Market rent index [155 kB]
National Rental Affordability Scheme (NRAS) - Market rent index [105.6 kB]
Introduction
The NRAS market value rent is indexed according to movements in the Rents component of the Housing Group of the Consumer Price Index for the year, December quarter to December quarter as at 1 March, using the capital city index for the relevant state, rounded to the nearest single decimal point, and is effective from 1 May.
The NRAS market rent index values for 2024-25 and 2023-24 are below. Historical NRAS market rent index values can be found in the information sheet above.
NRAS market rent index values
NRAS market rent index for 2024-25 NRAS year (1 May 2024 – 30 April 2025)
| Jurisdiction |
Percentage change from corresponding |
|---|---|
| Sydney / New South Wales | 8.5 |
| Melbourne / Victoria | 6.0 |
| Brisbane / Queensland | 8.4 |
| Adelaide / South Australia | 5.8 |
| Perth / Western Australia | 8.9 |
| Hobart / Tasmania | -0.4 |
| Darwin / Northern Territory | 4.5 |
| Canberra / Australian Capital Territory | 2.4 |
The NRAS market rent index for the 2023-24 NRAS year (1 May 2023 – 30 April 2024)
| Jurisdiction | Percentage change from corresponding quarter of previous year – Dec 2022 |
|---|---|
| Sydney / New South Wales | 3.3 |
| Melbourne / Victoria | 2.2 |
| Brisbane / Queensland | 6.0 |
| Adelaide / South Australia | 4.9 |
| Perth / Western Australia | 8.0 |
| Hobart / Tasmania | 4.7 |
| Darwin / Northern Territory | 7.8 |
| Canberra / Australian Capital Territory | 6.0 |
Last updated: