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

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

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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 for 2016-17 and 2015-16 are below. Historical NRAS Incentive amounts are found in the attached fact sheet.

Incentive values

2016-17 NRAS Year
Year Contributed by Amount

2016/2017

 Australian Government Contribution $8,286.03
State/Territory Contribution $2,762.01
Total $11,048.04

 

2015-16 NRAS Year
Year Contributed by Amount
2015/2016 Australian Government Contribution $8,187.78
State/Territory Contribution $2,729.26
Total $10,917.04

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