Information for developers
Information for developers
Benefits of affordable housing
If you are a property developer needing to build affordable housing as part of the Affordable Rental Housing State Environmental Planning Policy (ARHSEPP), Council or other requirements, we can help you.
Benefits of working with the Echo team
Our team has been managing affordable housing properties since 2014 and has one of the largest portfolios of affordable housing in Australia. We are known in the industry as skilled property professionals with an enviable depth of experience in affordable housing.
Not only will we talk you through the process, but our team will ensure you’re supported throughout your tenancy so that you won’t need to search too far to find the information you’re after.
Are you looking for an affordable housing partner?
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
- Private landlords
To view our list of partners, click here.
What we provide
Property managers with experience managing National Rental Affordability Scheme (NRAS) properties
Peace of mind that you are working with one of the largest and most experienced affordable housing managers
Expert advice on meeting the obligations of your affordable housing program
Expert advice on meeting the obligations of your affordable housing program
Support to ensure you receive the maximum rebates or incentives if applicable
Tenants that meet the eligibility criteria associated with your scheme
Support with lodging and completing any required reporting or compliance obligations
Market 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 can manage 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 offers 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% 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 who meet the criteria set out in the scheme.
IMPORTANT NOTE: There are no incentives available in this scheme for new developments.