If you are a property developer needing to build affordable housing, we can help you.
If you are a property developer needing to build affordable housing as part of the State Environmental Planning Policy (Affordable Rental Housing) 2009 legislation, Council or other requirements, we can help you.
Our team has been managing affordable housing properties since 2009 and has one of the largest portfolios of affordable housing in Australia. They are known in the industry as skilled property staff with an enviable depth of experience in affordable housing.
What we provide
Property managers with experience managing National Rental Affordability Scheme (NRAS) properties
Knowledge you are working with one of the largest affordable housing managers in Australia
Expert advice on meeting the obligations of your affordable housing program
Advice with setting rent for your property program
Support to ensure you receive the maximum rebates or incentives if applicable
Quality tenants that meet the eligibility criteria associated with your scheme
Full support with lodging and completing any required reporting or compliance requirements
Marketing leading property management services for both your affordable and private property portfolio
Did you know that a regular real estate agent may not be able to manage your affordable housing properties?
Managing affordable housing involves the standard property and tenancy management responsibilities of managing any rental property. It also involves some additional responsibilities around setting rent, letting properties to eligible households and meeting the requirements of the relevant affordable housing program.
It’s important to remember that affordable housing properties developed under the Affordable Rental Housing SEPP must be managed by a registered Community Housing Provider and must be rented as affordable housing for a period of 10 years.
As a fully owned subsidiary of Evolve Housing echorealty is a tier one accredited Community Housing Provider meaning we are able to manager your affordable housing property.
What is NRAS?
The Federal Government developed the National Rental Affordability Scheme (NRAS) which is aimed at creating and providing affordable housing for low to moderate income earners. NRAS is not a public housing or welfare program; it is a tax incentive to induce more private investment in the lower price range of the residential construction market.
NRAS provides a National Rental Incentive to property developers and private investors to build and rent dwellings to eligible low and moderate income households at a rate that is at least 20 per cent below the prevailing market rate. There are income limits for NRAS tenants and the echorealty team will be able to assist you to find quality tenants how meet the criteria set out in the scheme.
IMPORTANT NOTE: There are no incentives available in this scheme for new developments
Develop with us
Are you looking for a partner to assist you secure and develop affordable housing? echorealty is experienced in partnering with a range of organisations to develop and manage affordable housing for low to moderate income earners including:
- Property developers
- Local and state government authorities
- Real estate agents
- Private landlords
Get in touch
Please contact our team to find out how we can assist you to understand the affordable housing development process. We manage every property on a case by case basis to ensure that the benefits of affordable housing are maximized for both the property owner and the tenant.