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Scheme aims to make more liveable housing

Funding has been made available for the building of more affordable rental property.
A scheme from the federal government aims to make some Australian property more liveable.
Under the fifth round of the National Rental Affordability Scheme (NRAS), funding has been made available for designs of more liveable housing for use in Australia.

It is offering 10,000 incentives, worth $9,981 each, for the building of affordable rental property.

This scheme could help to aid in providing more housing for a sector that has been in demand recently, partly as a result of the benchmark interest rate cuts from the Reserve Bank of Australia, which helped to lower the cost of mortgages.

If it provides more affordable houses to rent then this would also be good news for property investors in Australia.

Caryn Kakas, Residential Development Council executive director, spoke positively of the scheme. She said: "NRAS has allowed the private sector to help deliver new rental housing that would not otherwise be available."

Posted by Craig Francis

- rent, NRAS, property, affordability, government, scheme

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