Welcome to the Affordable Housing Consulting Property Manager Training Page
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TRAINING RESOURCES
Below you will find some key resources and training material to assist you in better managing your NRAS properties. If you would like to receive some in house training, please contact us.
Below you will find some key resources and training material to assist you in better managing your NRAS properties. If you would like to receive some in house training, please contact us.
ANNUAL CPI RATES
YEAR |
SA |
NSW |
VIC |
QLD |
WA |
ACT |
NT |
2015/16 |
1.7% |
3.2% |
2.4% |
2.0% |
1.5% |
-1.8% |
2.7% |
2016/17 |
1.2% |
2.3% |
1.7% |
1.0% |
-2.9% |
-1.5% |
-2.7% |
2017/18 |
0.9% |
2.5% |
1.6% |
0.2% |
-7.2% |
0.2% |
-8.2% |
2018/19 |
0.2% |
2.4% |
1.8% |
-4.0% |
-7.1% |
0.2% |
-5.6% |
2019/20 |
1.1% |
1.4% |
1.8% |
0.0% |
-6.1% |
3.0% |
-4.4% |
2020/21 |
1.0% |
-0.8% |
-1.7% |
0.3% |
-1.1% |
2.7% |
-6.6% |
ANNUAL INCENTIVE AMOUNTS
YEAR |
FEDERAL INCENTIVE |
STATE INCENTIVE |
TOTAL INCENTIVE |
2015/16 |
$8,187.75 |
$2,729.25 |
$10,917.00 |
2016/17 |
$8,293.50 |
$2,764.50 |
$11,058.00 |
2017/18 |
$8,335.75 |
$2,778.58 |
$11,114.33 |
2018/19 |
$8,394.25 |
$2,798.08 |
$11,192.33 |
2019/20 |
$8,436.07 |
$2,812.02 |
$11,248.09 |
2020/21 |
$8,452.94 |
$2817.65 |
$11,270.59 |
VALUATION REQUIREMENTS
All NRAS properties must have an independent valuation completed at the end of year 4 (start of year 5) and at the end of year 7 (Start of year 8). For the valuation to be accepted by the department it must meet the below criteria. If the property owner disagrees with a valuation that has been conducted a subsequent valuation can be completed provided the original valuation has not already been provided to us.
Once the valuation has been completed the rent must be adjusted as of the start of the relevant year to ensure that it is at or under 80% of the valuation amount. This is critical if the market rent has reduced as the owner will not be eligible for any incentive payment if the rent is not adjusted prior, and there is limited ability to back date the rent.
All NRAS properties must have an independent valuation completed at the end of year 4 (start of year 5) and at the end of year 7 (Start of year 8). For the valuation to be accepted by the department it must meet the below criteria. If the property owner disagrees with a valuation that has been conducted a subsequent valuation can be completed provided the original valuation has not already been provided to us.
- The valuation must be completed within 91 days prior to the start of the 5th or 8th year. We recommend that they are done around 60 days prior to the start of the relevant year.
- The valuation must be completed by an independent valuer who is a member of the API (Australian Property Institute) and a copy of their membership must be supplied with the valuation report.
- The valuation must include a completed and signed DSS valuation checklist,
- The valuer must conduct an internal assessment of the property and they must specify the date that the inspection and valuation was conducted.
- The report must include the full street address of the property along with the certificate of title particulars.
- The report must specify the type of dwelling (apartment, house, townhouse, etc) and must specify the number of bedrooms.
- The report should not make any reference to GST in the valuation amount and the amount listed should be a single figure, not a range.
Once the valuation has been completed the rent must be adjusted as of the start of the relevant year to ensure that it is at or under 80% of the valuation amount. This is critical if the market rent has reduced as the owner will not be eligible for any incentive payment if the rent is not adjusted prior, and there is limited ability to back date the rent.