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 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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