Global Power | Local Knowledge | Uniquely Personal
All Articles News FAQs Videos
中文

HIA welcomes govt deal on NRAS

The Housing Industry Association has welcomed a deal that will see the National Rental Affordability Scheme preserved.

A deal created between the Australian Greens Party and the government to preserve the National Rental Affordability Scheme (NRAS) has been welcomed by the Housing Industry Association (HIA).

This scheme is aimed at increasing the supply of new affordable rental property in Australia.

"We believe reinstating this programme would be a great outcome for the many Australians who are in dire need of more affordable rental housing," said Graham Wolfe, chief executive at the HIA.

He went on to say that, in negotiating support for the flood levy, the Greens have also secured an agreement from the government to build at least 50,000 new properties over the next four years.

In the government's flood response package, it had said it would reduce the number of dwellings it would help to build to 35,000.

Earlier this week, API Magazine reported real estate investment expert Peter Koulizos as saying that affordable property in Australia does still exist, but mostly outside of the cities.

Posted by Craig Francis

- HIA, NRAS, flood, levy, rent

DISCLAIMER: All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

COPYRIGHT: All information provided is protected by international copyright laws. You may not copy, reproduce, distribute, publish, display, perform, modify, create derivative works, transmit, or in any way exploit any such content, nor may you distribute any part of this content over any network. Copying or storing any content is expressly prohibited without prior written permission of SMATS Group or the copyright holder identified in the individual content's copyright notice. For permission to use the content on please contact info@smats.net.

中文

Subscribe Now