NRAS Market Index for 2020-21
The NRAS Market Index determines how much rent can be charged for NRAS dwellings compared to the previous year.
The National Rental Affordability Scheme (NRAS) market rent is indexed according
to movements in the Rents component of the Housing Group Consumer Price Index for the year, December quarter to December quarter as at 1 March, using the capital city index for the relevant state, rounded to the nearest single decimal point and is effective from 1 May.
NRAS market index for 2020-21 NRAS year (for the period 1 May 2020 – 30 April 2021)
|
Jurisdiction |
Percentage change from corresponding quarter of previous year – Dec 2019
|
|
Brisbane / Queensland |
0.3 |
|
Sydney / New South Wales |
-0.8 |
|
Melbourne / Victoria |
1.7 |
|
Adelaide / South Australia |
1.0 |
|
Perth / Western Australia |
-1.1 |
|
Hobart / Tasmania |
5.6 |
|
Darwin / Northern Territory |
-6.6 |
|
Canberra / Australian Capital Territory |
2.7 |
A negative number means investors with NRAS properties in that state should expect to see a reduction in rents charged.