Affordability Scheme

National Rental

Affordability Scheme

Quarterly Performance

Report

As at 30 September 2014

Disclaimer

The Department has prepared this report for the purpose of disseminating information on the National Rental Affordability Scheme (NRAS) free of charge for the benefit of the public. It draws on information and data provided by a variety of individuals and organisations, including from Approved Participants of the NRAS.

This report is made available for general information, and is subject to regular revision and updates. Use of the information contained in this report is strictly at the user’s own risk.

The Department accepts no responsibility for the accuracy or completeness of any material contained in this report.

While reasonable efforts have been made to ensure that the contents are factually correct, the Department does not make any representation or warranty (express or implied) concerning the accuracy, currency, reliability, completeness or suitability of this report for any purpose. It is the responsibility of the user of this Report to conduct their own investigations to ensure that the information provided is accurate, complete and relevant to their purpose.

To the extent permitted by law, the Commonwealth disclaims all liability for any loss, damage, expense or costs incurred by any person arising out of using or relying on this report (whether in whole or in part).

Performance Summary

The National Rental Affordability Scheme (NRAS) is an Australian Government initiative, working in partnership with the states and territories, to stimulate the supply of new affordable rental homes. Successful NRAS applicants are eligible to receive a National Rental Incentive, drawing together Commonwealth and state or territory contributions for each approved home where they are rented to eligible low and moderate income households at a rate that is at least 20 per cent below the prevailing market rates.

Report Definitions:

In this report:

Incentives Allocated means homes tenanted or available for rent.

Incentives Reserved means incentives not yet delivered.

Total Incentives means the total number of Incentives Allocated, Reserved.

Type means the type of an NRAS home. Size means the number of bedrooms in the NRAS home.

NRAS Year means the period 1May to 30April each year.

Key Allocation Data:

ü  All data in this report is current at 30 September 2014.

ü  Number of Incentives Allocated: 23,664

ü  Number of Incentives Reserved: 14,194

ü  Total Incentives: 37,858

ü  Number of Approved Participants: 144

ü  There are 14 Approved Participants who have incentives in multiple jurisdictions.

ü  Number of Approved Participants by Profit/Not for Profit Status: 56/88

ü  Of the Not for Profits, 83 are endorsed charities.

ü  Data is subject to daily variation because dwelling details will change as property developments progress.

1. Incentive Status by State/Territory:

State / Incentives Allocated / National % / Incentives Reserved / National % / Total Incentives / National %
ACT / 1,940 / 8.2% / 506 / 3.6% / 2,446 / 6.5%
NSW / 2,619 / 11.1% / 4,220 / 29.7% / 6,839 / 18.1%
NT / 351 / 1.5% / 895 / 6.3% / 1,246 / 3.3%
QLD / 8,239 / 34.8% / 2,213 / 15.6% / 10,452 / 27.6%
SA / 2,582 / 10.9% / 1,075 / 7.6% / 3,657 / 9.7%
TAS / 746 / 3.2% / 890 / 6.3% / 1,636 / 4.3%
VIC / 4,662 / 19.7% / 1,594 / 11.2% / 6,256 / 16.5%
WA / 2,525 / 10.7% / 2,801 / 19.7% / 5,326 / 14.1%
Total / 23,664 / 100.0% / 14,194 / 100.0% / 37,858 / 100.0%

2. Status of NRAS Allocations by ABS Remoteness:

ABS Remoteness (RA) / Total Incentives / Total %
Major Cities / 28,202 / 74.5%
Inner Regional / 5,328 / 14.1%
Outer Regional / 3,233 / 8.5%
Remote / 689 / 1.8%
Very Remote / 381 / 1.0%
Location Not Stipulated / 25 / 0.1%
Total / 37,858 / 100%

^The breakdown by allocated and reserved dwellings is not available for this quarter.

^^ The requirements for the provision of location data of proposed allocations were relaxed during some funding rounds to allow participants to provide only the postcode when applying for reserved allocations. The postcode information is not sufficient for mapping to a remoteness category for some homes, until they become available for rent. These are reported as "Location not Stipulated".

3. NRAS Monthly Summary:

NRAS Summary / March Qtr 2014 / June Qtr 2014 / Sept Qtr 2014
Total Incentives Allocated and Reserved / 38,041 / 38,163 / 37,858
Incentives Allocated (Tenanted or available for rent) / 19,802 / 21,911 / 23,664
Incentives Reserved (Not yet delivered) / 18,239 / 16,252 / 14,194

4. Actual and Participant Reported Delivery – Cumulative:

Actual Delivery (by NRAS Year) / Participant Reported Delivery
State / To April 2009 / To April 2010 / To April 2011 / To April 2012 / To April 2013 / To Sept 2014 / To April 2015 / To April 2016 / To April 2017*
ACT / - / 37 / 565 / 1,259 / 1,351 / 1,940 / 2,094 / 2,094 / 2,446
NSW / 91 / 574 / 892 / 1,277 / 1,733 / 2,619 / 4,485 / 5,359 / 6,839
NT / - / - / - / 14 / 231 / 351 / 1,196 / 1,246 / 1,246
QLD / 6 / 236 / 715 / 2,168 / 4,580 / 8,239 / 10,452 / 10,452 / 10,452
SA / 50 / 284 / 628 / 1,165 / 1,574 / 2,582 / 3,602 / 3,657 / 3,657
TAS / 14 / 102 / 242 / 372 / 501 / 746 / 942 / 1,024 / 1,636
VIC / 137 / 394 / 499 / 1,493 / 2,281 / 4,662 / 6,137 / 6,256 / 6,256
WA / 32 / 121 / 299 / 554 / 1,351 / 2,525 / 4,104 / 4,481 / 5,326
Total / 330 / 1,748 / 3,840 / 8,302 / 13,602 / 23,664 / 33,012 / 34,569 / 37,858

*Expected dwelling deliveries for June 2016 will be part of the 2017 NRAS year figures.

Average Monthly Delivery of Incentives – based on Active Dwellings for rolling year:

Participant Reported Current and Future Delivery of Incentives – Cumulative:

*Expected dwelling deliveries for June 2016 will be part of the 2017 NRAS year figures.

Notes:

ü  Delivery of incentives in future years is based on information reported to the Department by NRAS participants.

5. Types of NRAS Homes by Availability:

Type of Home / Incentives Allocated / Incentives Reserved / Total Incentives
Apartment / 8,298 / 6,270 / 14,568
House / 6,150 / 2,303 / 8,453
Studio / 3,924 / 2,485 / 6,409
Townhouse / 5,287 / 3,136 / 8,423
Subsidiary Dwelling (Multiple Tenancies) / 5 / - / 5
Total / 23,664 / 14,194 / 37,858

6. Overview by round:

Incentives / ACT / NSW / NT / QLD / SA / TAS / VIC / WA / Total Incentives /
Round 1 / 56 / 675 / - / 650 / 374 / 368 / 524 / 372 / 3,019
Allocated / 56 / 675 / - / 650 / 374 / 368 / 524 / 372 / 3,019
Reserved / - / - / - / - / - / - / - / - / -
Round 2 / 76 / 786 / 0 / 1,348 / 882 / 86 / 1,555 / 144 / 4,877
Allocated / 76 / 754 / 1,348 / 882 / 86 / 1,550 / 144 / 4,840
Reserved / - / 32 / - / - / - / - / 5 / - / 37
Round 3 / 947 / 277 / 565 / 2,999 / 100 / - / 3,077 / 1,427 / 9,392
Allocated / 947 / 58 / 303 / 2,742 / 100 / - / 1,930 / 1,185 / 7,265
Reserved / - / 219 / 262 / 257 / - / - / 1,147 / 242 / 2,127
Round 4 / 1,281 / 4,474 / 496 / 5,255 / 1,962 / 1,004 / 823 / 2,878 / 18,173
Allocated / 861 / 930 / 44 / 3,472 / 1,209 / 256 / 623 / 715 / 8,110
Reserved / 420 / 3,544 / 452 / 1,783 / 753 / 748 / 200 / 2,163 / 10,063
Shovel Ready / 86 / 627 / 185 / 200 / 339 / 178 / 277 / 505 / 2,397
Allocated / - / 202 / 4 / 27 / 17 / 36 / 35 / 109 / 430
Reserved / 86 / 425 / 181 / 173 / 322 / 142 / 242 / 396 / 1,967
Total Incentives / 2,446 / 6,839 / 1,246 / 10,452 / 3,657 / 1,636 / 6,256 / 5,326 / 37,858

7. Charitable Status by State/Territory:

State / Endorsed Charities / Non – Endorsed Charities
Total Incentives* / Incentives Allocated / Completed % / Total Incentives* / Incentives Allocated / Completed %
ACT / 2,426 / 1,940 / 79.3% / 20 / - / 0.0%
NSW / 4,349 / 1,971 / 38.3% / 2,490 / 648 / 26.0%
NT / 930 / 347 / 28.2% / 316 / 4 / 1.3%
QLD / 5,048 / 3,800 / 78.8% / 5,404 / 4,439 / 82.1%
SA / 1,493 / 1,090 / 70.6% / 2,164 / 1,492 / 68.9%
TAS / 1,283 / 415 / 45.6% / 353 / 331 / 93.8%
VIC / 4,578 / 3,323 / 74.5% / 1,678 / 1,339 / 79.8%
WA / 1,641 / 1,109 / 47.4% / 3,685 / 1,416 / 38.4%
Incentives / 21,748 / 13,995 / 64.3% / 16,110 / 9,669 / 60.0%

*Total incentives are incentives allocated and reserved

8. ABS Remoteness by State/Territory:

State / Major Cities / Inner Regional / Outer Regional / Remote / Very Remote / Not Stipulated / Total Incentives
ACT / 2,404 / 42 / - / - / - / - / 2,446
NSW / 6,239 / 556 / 44 / - / - / - / 6,839
NT / - / - / 1,178 / 63 / 4 / 1 / 1,246
QLD / 7,751 / 1,523 / 1,166 / 2 / 10 / 10,452
SA / 3,094 / 314 / 225 / 23 / 1 / - / 3,657
TAS / - / 1,347 / 289 / - / - / - / 1,636
VIC / 5,094 / 1,137 / 25 / - / - / - / 6,256
WA / 3,620 / 409 / 306 / 601 / 376 / 14 / 5,326
Total / 28,202 / 5,328 / 3,233 / 689 / 381 / 25 / 37,858

9. Type of Dwellings by State/Territory:

State / Apartment / House / Studio / Townhouse / Subsidiary Dwelling / Total
Allocated / Reserved / Allocated / Reserved / Allocated / Reserved / Allocated / Reserved / Allocated / Reserved
ACT / 445 / 479 / 102 / - / 1,323 / 27 / 65 / 5 / - / 2,446
NSW / 1,526 / 2,366 / 223 / 205 / 375 / 1,100 / 495 / 549 / - / - / 6,839
NT / 235 / 488 / 104 / 75 / 120 / 12 / 212 / - / - / 1,246
QLD / 2,051 / 1,071 / 3,357 / 547 / 136 / 127 / 2,695 / 468 / - / - / 10,452
SA / 770 / 236 / 1,184 / 606 / 55 / 43 / 573 / 190 / - / - / 3,657
TAS / 204 / 4 / 138 / 187 / 180 / 590 / 224 / 109 / - / - / 1,636
VIC / 2,431 / 935 / 363 / 117 / 1,135 / 184 / 733 / 358 / - / - / 6,256
WA / 636 / 691 / 679 / 566 / 720 / 294 / 490 / 1,250 / - / - / 5,326
Total / 8,298 / 6,270 / 6,150 / 2,303 / 3,924 / 2,485 / 5,287 / 3,136 / 5 / - / 37,858

10. Size of Dwellings by State/Territory:

State / Studio / 1 Bedroom / 2 Bedrooms / 3 Bedrooms / 4 Bedrooms / 5 or more Bedrooms / Total Allocated Incentives
ACT / 1,324 / 352 / 448 / 245 / 9 / 63 / 2,441
NSW / 1,328 / 1,614 / 2,882 / 789 / 199 / 27 / 6,839
NT / 120 / 405 / 535 / 168 / 18 / - / 1,246
QLD / 259 / 1,695 / 2,497 / 4,394 / 1,607 / - / 10,452
SA / 98 / 469 / 1,055 / 1,697 / 321 / 17 / 3,657
TAS / 770 / 66 / 545 / 250 / 5 / - / 1,636
VIC / 1,319 / 1,913 / 2,100 / 801 / 118 / 5 / 6,256
WA / 912 / 1,276 / 1,962 / 947 / 227 / 2 / 5,326
Total / 6130 / 7790 / 12024 / 9291 / 2504 / 114 / 37,858*

*Data by size is not available for 5 reserved dwellings

Incentive Allocations by Participant

Approved Participant / Active Dwellings / Proposed Dwellings / Total Incentives /
ACT / 1,940 / 506 / 2,446
Anglican Church Property Trust of Canberra & Goulburn / - / 26 / 26
Argyle Community Housing Limited / - / 40 / 40
Australian National University / 947 / - / 947
Community Housing Canberra Ltd / 316 / 68 / 384
Geocon Constructors Pty Ltd / - / 20 / 20
The United Vietnamese Buddhist Congregation of Canberra and Surrounding District / 60 / - / 60
UnitingCare Ageing / 12 / - / 12
University of Canberra / 605 / 352 / 957
NSW / 2,619 / 4,220 / 6,839
27 - 29 George Street Pty Ltd / 11 / - / 11
62 Darlinghurst Road Pty Ltd / - / 27 / 27
Aboriginal Housing Company Limited / - / 32 / 32
Affordable Community Housing / 273 / 242 / 515
Affordable Community Housing Ltd / 3 / 122 / 125
Affordable Housing Consulting Pty Ltd / 4 / - / 4
Affordable Management Corporation Pty Ltd ATF Affordable Housing Management Fund / - / 15 / 15
Arara Properties Pty Limited / - / 24 / 24
Argyle Community Housing Limited / - / 23 / 23
Aspire Housing Group Pty Ltd / 78 / 1 / 79
Australand Holdings Limited / - / 19 / 19
Australian Catholic University / 50 / - / 50
Bamreta Pty Ltd / 24 / - / 24
BaptistCare NSW and ACT / 84 / 20 / 104
BlueCHP Limited / 261 / 79 / 340
Boyce Group Holdings P/L / 110 / - / 110
Bridge Housing Limited / - / 313 / 313
Broken Hill Lifestyle Village Pty Ltd ATF Broken Hill Village Unit Trust / - / 20 / 20
C.K.S. Group (Aust) Pty Ltd atf C.K.S. Unit Trust / 49 / 92 / 141
City Of Canada Bay Council / 24 / - / 24
City West Housing Pty Ltd / 19 / 181 / 200
Common Equity NSW / 23 / - / 23
Community Housing Ltd / 162 / 192 / 354
Compass Housing Services Co Ltd / 237 / 34 / 271
Ecclesia Housing Limited / 108 / 60 / 168
Edgeworth Projects Pty Limited as trustee for the Edgeworth Projects Unit Trust / 2 / - / 2
Ethan Affordable Housing Ltd / 24 / - / 24
Frasers Property Australia Pty Ltd / - / 828 / 828
Housing Plus / - / 53 / 53
Hume Community Housing Association Co Ltd / 158 / 354 / 512
Illawarra Retirement Trust / 19 / - / 19
Link Housing Ltd / 32 / 32
Mckenzie Bond Pty Ltd / 51 / 110 / 161
Miltonbrook Land Pty Limited / 1 / 5 / 6
Mission Australia Housing Limited / 199 / - / 199
National Housing Company Ltd / 219 / 219
National Housing Group Pty Limited / 41 / 232 / 273
North Coast Community Housing Company Limited / 20 / - / 20