1300 769 617

National Rental Affordability Scheme

NRAS RENTAL VALUATIONS


There is currently large demand for affordable rental housing in NSW. Costs of living have increased and unemployment levels have increased which has contributed to many families finding it hard to meet market rents.
As a result the Federal Government implemented the NRAS scheme in 2008 (National Rental Affordability Scheme) which enables property owners and developers to benefit from increased development yields whilst assisting those who can’t afford market rentals.
On 1 April 2020 the National Rental Affordability Scheme Regulations 2020 (2020 Regulations) came into effect replacing the 2008 Regulations that ceased operating on 1 April 2020, under the sunsetting provisions in the Legislation Act 2003. 

The 2020 Regulations have introduced a number of new and changed provisions, now known as sections/subsections.

If you have recently completed a development with NRAS properties you will need the NRAS properties to be assessed by a Qualified Property Valuer to ascertain the market rental value prior to the property being offered to the market for lease. It is important to appoint a valuer who knows the market and how the scheme works to ensure that the appropriate market rent is ascribed to maximise your returns.

Paul & Co. can assist in these matters and have a proven track record of providing reports for NRAS purposes. (Remember they need to be done at set intervals to comply). If you are unhappy with the rental valuation from another firm, give us a call and we will do our best to assist.

Need a rental valuation? ... Better Call Paul 0400 699 617

PO Box 311 Nelson Bay NSW 2315   

1300 769 617

paul@thepropertyvaluer.com.au

Visit us at: 
 
89-95 The Entrance Road, The Entrance NSW 2261 or
 
Shop 2/ 270 Sandy Point Rd, Salamander Bay NSW 2317
 
Servicing Newcastle, Port Stephens, Central Coast, Gosford and the Hunter Valley Region...