NRAS Incentive (indexation)

Introduction

The NRAS Incentive 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 weighted average rate of eight capital cities housing component, and is effective from 1 May.

Incentive values for the 2020-21 and the 2019-20 NRAS  years are listed below. Current as well as historical NRAS Incentive amounts can be found in the information sheet above.

NRAS Incentive values

2020-21 NRAS Year
Contributed by Amount
Australian Government Contribution $8,452.94
State/Territory Contribution $2,817.65
Total $11,270.59

 

2019-20 NRAS Year
Contributed by Amount
Australian Government Contribution $8,436.07
State/Territory Contribution $2,812.02
Total $11,248.09

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