Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

rpm logo latest

Government urged to save NRAS

By Staff Reporter
01 May 2014 | 1 minute read

While the National Rental Affordability Scheme (NRAS) has come under fire recently by the federal government, a property industry body has defended the program.

Social services minister Kevin Andrews vowed to crack down on rorts in the NRAS after revelations that international students were benefiting from the low-cost housing scheme.

“My department has been looking at these issues and as soon as we can get to a situation where we can make some changes to it then we would do so with any further rollout of NRAS,” Mr Andrews told ABC NewsRadio last month.

Advertisement
Advertisement

However, Property Council executive director Nick Proud came to the program's defence, saying NRAS is a key solution to the housing shortage.

“NRAS has been an important driver in increasing housing supply across Australia,” Mr Proud said.

“Since it was established, NRAS has delivered 14,500 homes with allocations for a further 23,000 homes, as well as supporting Australia's housing construction industry through the global financial crisis.”

He said a lack of accessible housing was a major concern in Australia today.

“Australians consistently nominate housing affordability and supply as a top five issue and this is the one federal government program that aims to address Australia's housing shortage,” he said.

While recent controversies highlighted a flaw in NRAS, Mr Proud urged the government not to scrap the program altogether.

“What the recent criticisms of the program highlight is the need for the federal government to refine NRAS – but to scrap NRAS altogether would be throwing the baby out with the bathwater,” he said.

Last month, the Green Building Council of Australia (GBCA) also called on the Abbott government to recommit to the scheme.

 
Government urged to save NRAS
default
lawyersweekly logo

ABOUT THE AUTHOR


Rankings
rankings
JUST RELEASED
May 09, 2022

REB Top 50 Women in Real Estate 2022

REB is thrilled to present the Top 50 Women in Real Estate 2022 ranking, which sets t ... LEARN MORE

rankings
JUST RELEASED
May 04, 2022

REB Top 100 Agents 2022

Now in its second decade, the REB Top 100 Agents 2022 rankings are the most revered s ... LEARN MORE

rankings
JUST RELEASED
May 02, 2022

REB Top 50 Agents NSW 2022

Even a pandemic has not put the brakes on the unstoppable property market in NSW, whi ... LEARN MORE

rankings
JUST RELEASED
April 27, 2022

REB Top 50 Agents VIC 2022

The COVID-19 crisis has not deterred the property market in Victoria, which has been ... LEARN MORE

rankings
JUST RELEASED
April 25, 2022

REB Top 50 Agents QLD 2022

As the property market continues to roar in Brisbane and Queensland, the REB Top 50 A ... LEARN MORE

Coming up

rankings rankings
Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.