Hi all!! Just thought I'd post in here as I just applied and was accepted to rent a brand new unit that was built as part of this scheme.
Basically if you meet the eligibility you can apply for any NRAS property. The place I got has market rental of $320 but I'm getting it for $260 a week and I still get rent assistance from CL.
The owners of the property get tax free incentives to buy into the scheme (I believe). You apply like any rental and they choose in the same way but the bonus is only people who've been approved through NRAS can apply. I was getting knocked back on every rental until I applied for this.
I just wanted to let you know in case you hadn't heard of it.
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25-05-2013 13:35 #1
NRAS rental - much cheaper
Last edited by Theboys&me; 25-05-2013 at 13:41.
25-05-2013 13:38 #2
25-05-2013 13:53 #3
Ive seen these advertised and looked through one last week and the place was full of people looking to rent it. So thats the only downfall is that you will have lots of competition! But great if u get it!! We ended up getting approved for a new place yesterday tho and we were the only people at the inspection!! ( Not nras)
Congrats OP. Ive heard they are generally long term rentals too
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25-05-2013 14:11 #4
That's awesome I have friends that have rented through this scheme lucky for me I'm already getting a very good rent deal
25-05-2013 15:12 #5-
- Join Date
- Jan 2013
We're currently living in an NRAS. So glad we stumbled upon this place when looking at rentals last year because we had no idea about the scheme!
ETA: The property has to stay NRAS for 10 years. So even if the owners sell, the new owners have to keep the property in NRAS for the remainder of time.
25-05-2013 15:29 #6
Oh that's great!!! I just hadn't even heard of it until a fortnight ago so thought I'd share.
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25-05-2013 16:53 #7-
- Join Date
- Jan 2013
The complex I'm in is mixed NRAS and private so it's not too bad. Some of our neighbours are a bit wild (to put it nicely) but mostly it's good!
29-05-2013 05:54 #8
Yes we have a few NRAS properties in our area- one block of units in particular frequently has vacancies and is on a main road. Frequent vacancies= the same units available for rent every 3 or 4 months. But there are others that seem quite ok- we even have a brand new highrise that's mostly NRAS. Might be checking them out when my lease comes up- depending on whether or not the agent's being reasonable.
03-06-2013 12:31 #9
How do you find NRAS rental properties in your area. I'm in the Hunter Valley.
03-06-2013 13:31 #10
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