With an NRAS property you will receive a minimum of $116,000* worth of incentives over 10 years.

The annual income-tax free incentive is currently $9,140 per dwelling, and is indexed each year to the rental component increases of the CPI. It comprises:

• ·         An Australian Government contribution of $6,855 per dwelling per year as a refundable tax offset or payment; and

• ·         A State Government contribution of $2,285 per dwelling per year in direct or in-kind financial support.

• ·         These will usually be paid in June/July.

• ·         In 2008 the Australia wide rental component indexation was 8.4%. In 2009 it was 5.4%.

$116,000 is based on receiving the incentive for 10 years, which is currently $9,140 p.a. indexed for an estimated rental component of CPI of 4.5%.