Glossary

Purpose
The purpose of this glossary is to define terms commonly used in our research. It is a reference to familiarise you with housing-specific terms in our publications and on our website.

Scope
This glossary is limited to terms and acronyms most used by Australian academics and governments.

Format
All entries are listed in alphabetical order, including acronyms (which are cross-referenced with their corresponding definition.) Click on the appropriate letter to see listing.

Feedback
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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

N

National Affordable Housing Agreement (NAHA)

From 1 January 2009, government response to homelessness is administered under the NAHA and the National Partnership Agreement on Homelessness (NPAH).

National Partnership Agreement on Homelessness (NPAH)

The National Partnership Agreement on Homelessness (NPAH) commenced in January 2009. Under the current agreement the Australian and state and territory governments have committed to provide $1.1 billion in funding. It contributes to the National Affordable Housing Agreement outcome, to help people who are homeless or at risk of homelessness achieve sustainable housing and social inclusion.

National Rental Affordability Scheme (NRAS)

A Commonwealth Government scheme that commenced on 1 July 2008, providing annual incentives (tax credits—if paying tax, grants—if not paying tax) to investors for 10 years to create 50 000 new affordable rental properties rented to low-income and moderate-income households at 20 per cent below local area market rents. The scheme was stopped for new property incentives in 2014, and as a result 37142 dwellings will be built.

negative gearing

A taxation arrangement whereby when costs exceed investment income, the loss may be deducted from other taxable income.

nominal dollars

Value of money not adjusted for the impact of inflation over time. For example, a house bought for $15 000 in 1970 and sold for $1 million in 2013 has had a nominal increase of $985 000.

Also see real dollars

not-for-profit sector

Community organisations providing a broad range of social services, including in relation to homelessness, housing, education, health, conservation and recreation.