Lily Chong from IQI WA shares her insight into the National Rental Affordability Scheme (NRAS) and why this is so attractive to rentals.
Recent statistic from the Real Estate Institute of WA indicated Perth vacancy rate has plummeted to 2.2% low, which is below the 3% rate in Sydney where there is a recognised “housing shortage”.
Affordable rental homes will undoubtedly be on high demand, just like the property The West Australian has reported here. Investors whose investment properties come with NRAS incentive will receive overwhelming interest.
NRAS are affordable rental homes located at suburbs identified to have a high rental demand and well equipped with amenities, services and public transport. It provides individual or family on moderate or lower income with affordable rental home that is at least 20% lower than the market value rent, making NRAS home incredibly desirable for tenants.
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