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 2015-16 and 2014-15 are below. Historical NRAS Incentive amounts are found in the attached fact sheet.

Incentive values

Current NRAS Year

Year

Contributed by

Amount

2015/2016

Australian Government Contribution

$8,187.78

State/Territory Contribution

$2,729.26

Total

$10,917.04

 

 

Previous NRAS Year

Year

Contributed by

Amount

2014/2015

Australian Government Contribution

$7,995.88

State/Territory Contribution

$2,665.29

Total

$10,661.17

 

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