Rental Housing Subsidy Policy: NRAS

Ge, J; Chen, J

Rental Housing Subsidy Policy: NRAS

Ge, J

Chen, J

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Publisher:: Pacific Rim Real Estate Society (PRRES)
Publication Type:: Conference Proceeding
Citation:: Proceedings from the PRRES conference, 2013, pp. 1 - 10
Issue Date:: 2013-01

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Field	Value	Language
dc.contributor.author	Ge, J https://orcid.org/0000-0002-2252-7829	en_US
dc.contributor.author	Chen, J	en_US
dc.contributor.editor	-	en_US
dc.date	2013-01-13	en_US
dc.date.issued	2013-01	en_US
dc.identifier.citation	Proceedings from the PRRES conference, 2013, pp. 1 - 10	en_US
dc.identifier.uri	http://hdl.handle.net/10453/23671
dc.description.abstract	As house prices become increasingly unaffordable, many families turn to rental housing. However, the higher rent in some market places is placing a lot of families under stress, in particular the low-income families. Thus, many housing policies and strategies have been introduced by governments to support low-income families in improving their housing affordability. The national rental affordability scheme (NRAS) in Australia is such example. The scheme aims to increase supply of affordable rental housing for low-income families. The NRAS provides an annual tax-free incentive for investors to purchase new affordable dwellings and rent them at 20% below market rents to low-income families. This paper studies of the NRAS scheme and investigates the impacts of using the scheme for improving affordable rental housing. The paper will first study the NRAS structure and the performance since the policy introduced. Secondly, the impacts of the scheme will be investigated through case studies to establish whether the incentive provides a stronger influence on private investors in encouraging them to provide affordable rental housing for low-income families.	en_US
dc.publisher	Pacific Rim Real Estate Society (PRRES)	en_US
dc.relation.ispartof	Proceedings from the PRRES conference	en_US
dc.relation.ispartof	Pacific Rim Real Estate Conference	en_US
dc.title	Rental Housing Subsidy Policy: NRAS	en_US
dc.type	Conference Proceeding
utslib.location	Melbourne	en_US
utslib.location.activity	Melbourne, Australia	en_US
utslib.for	1205 Urban and Regional Planning	en_US
dc.location.activity	Melbourne, Australia	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment
utslib.copyright.status	closed_access
pubs.consider-herdc	true	en_US
pubs.finish-date	2013-01-16	en_US
pubs.place-of-publication	Melbourne	en_US
pubs.start-date	2013-01-13	en_US

Abstract:

As house prices become increasingly unaffordable, many families turn to rental housing. However, the higher rent in some market places is placing a lot of families under stress, in particular the low-income families. Thus, many housing policies and strategies have been introduced by governments to support low-income families in improving their housing affordability. The national rental affordability scheme (NRAS) in Australia is such example. The scheme aims to increase supply of affordable rental housing for low-income families. The NRAS provides an annual tax-free incentive for investors to purchase new affordable dwellings and rent them at 20% below market rents to low-income families. This paper studies of the NRAS scheme and investigates the impacts of using the scheme for improving affordable rental housing. The paper will first study the NRAS structure and the performance since the policy introduced. Secondly, the impacts of the scheme will be investigated through case studies to establish whether the incentive provides a stronger influence on private investors in encouraging them to provide affordable rental housing for low-income families.

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http://hdl.handle.net/10453/23671