3B Stephanie Street

Bellamack NT 0832

Located in a quiet street in one of Palmerston's premier master planned suburbs only minutes from the local corner store, dining district and schools.

The National Rental Affordability Scheme ('NRAS' or 'the Scheme') is an Australian Government affordable housing initiative, delivered in partnership with state and territory governments. Governments, the business sector and community organization's have recognized that housing affordability is an issue of significant community concern. The growing cost of housing is having an impact on the ability of many Australians to meet their financial commitments. The Scheme seeks to address the shortage of affordable rental housing by offering annual financial incentives for up to ten years, to rent dwellings for eligible NRAS tenants at 80 per cent or less of the market value rent.

NRAS issues financial incentives to organizations that provide people on low to moderate incomes with an opportunity to rent homes at a rate that is at least 20 percent below market value rent. NRAS homes are not social housing-they are affordable private rental homes.