This newly built 4×2 is located in the Highlands Estate Bridgetown under the National Rental Affordability Scheme (NRAS). Spacious open plan living, air conditioning and gas cooking. Garden shed available for use. Bedrooms contain walk in/built in robes. To be eligible for this house under the NRAS scheme you must comply with the following criteria:
In order to be eligible for an incentive under NRAS, approved participants must ensure that dwellings are rented to eligible tenants.
The gross income limits for households of eligible tenants are specified in the NRAS Regulations.
Income levels are assessed against gross income limits according to the household composition. For NRAS purposes, a household is considered to be all persons who are tenants of the dwelling. All persons who ordinarily reside in a NRAS home must have their income included as a member of the household.
A household’s gross income for the 12 months prior to commencement of tenancy of an NRAS dwelling must be equal to or less than the relevant income limit for the household’s composition. Household income may increase above the income limit in subsequent years. However, a dwelling ceases to be eligible for an incentive if the tenants’ household income exceeds the applicable household income limit by 25 per cent or more in two consecutive eligibility years.
Each year, household income limits are indexed according to percentage changes of the All Groups Component of the Consumer Price Index so that the limits effectively maintain the same target group of tenants over the life of the Scheme.
The 2014-15 household income eligibility limits are:
2014-15 Year Household Income ($)
1st Adult 47,289
First Sole Parent 49,738
Each Additional Adult 18,089
Each Child 15,685
For ease of application purposes, a variety of 2014-15 income eligibility limits for various household compositions are presented below.
Household composition Initial household income limit ($) Existing tenant income limit ($)*
One adult 47,289 59,111
Two adults 65,378 81,722
Three adults 83,466 104,333
Four adults 101,555 126,944
Sole parent with one child 65,423 81,779
Sole parent with two children 81,108 101,385
Sole parent with three children 96,793 120,991
Couple with one child 81,063 101,329
Couple with two children 96,748 120,934
Couple with three children 112,433 140,541
*If the household income of an existing tenant exceeds the indicated limit (25 per cent greater than the initial income limit) in two consecutive NRAS years, the tenant will cease to be an eligible tenant. This column indicates figures which are 25 per cent higher than the household income limits for ease of reference for this purpose.