Through the Australian Government's National Rental Affordability Scheme (NRAS), up to 50,000 affordable rental dwellings will be built across Australia by 2012 to help low to moderate-income earners secure a place to live.
The scheme offers investors financial incentives to build new affordable rental properties in high need areas.
It aims to increase the supply of affordable housing and reduce rental costs. New houses, units and townhouses are rented for at least 20% below market rent.
To date, approval has been given for almost 2500 new rental dwellings to be constructed in Queensland.
Throughout last year, NRAS assisted more than 150 Queensland households with rental accommodation in the private market, following the referral of clients from the department's housing register to NRAS tenancy managers.
