Queensland Government
Department of Housing and Public Works

National Rental Affordability Scheme Queensland - Investors

The National Rental Affordability Scheme is an Australian Government initiative and is financially supported by the Queensland Government. The scheme aims to stimulate the construction of 50,000 affordable, high quality rental dwellings across Australia.  Up to 35,000 will be supported in years up to 2014-15, with a further 15,000 dwellings to be supported beyond 2014-15.

NRAS is not a social housing program; it offers an annual tax-free incentive to investors to purchase new affordable homes and rent these at 20% below market rents to low and moderate income households.

The annual income-tax free Incentive is currently $9,524 per dwelling and is indexed annually to the rental component of the CPI.  The incentive comprises:

  • the Australian Government contribution of $7,143 per year for 10 years as a refundable tax offset or payment; and
  • the Queensland Government contribution of $2,381 per dwelling per year for 10 years as a cash payment for dwellings in Queensland.

As a condition of receiving this support, the Queensland Government requires dwellings it funds under the Scheme to be rented to eligible applicants (PDF, 24 KB) eligible applicants (RTF, 77 KB) registered with the Department of Communities. The Australian Government has defined income eligibility requirements for prospective tenants of the National Rental Affordability Scheme, which are reflected in the Queensland eligibility criteria for NRAS clients.

Further information, including regulations, program guidelines and general information about the scheme, is available at the Australian Government's Department of Families, Housing, Community Services and Indigenous Affairs National Rental Affordability Scheme website.

Please note that the Australian Government or Queensland State Government cannot provide financial or taxation advice relating to purchase of National Rental Affordability Scheme properties. Please seek your own appropriate financial and taxation advice.

Prospective investors should contact Approved Participants directly to seek information about investment opportunities.

Approved Participants
CompanyContact NumberEmail Address
4walls 07 3891 6100 wayne.gilbert@4walls.org.au
Affordable Management Corporation 07 3234 8915 whitelaw@hmw.com.au 
Aspire Housing Group 07 5370 2230 kylie@aspirehousinggroup.com 
Aushomes 07 3809 5999 shanet@aushomes.com.au
Australian Residential Investments 07 3105 2899 garyw@prtax.com.au
Aztec 0409 399 699 janeosborne@aztecdevelopments.com.au 
BRAL Investments 07 4154 8492 bradley.warren@ecougroup.com
Brisbane Housing Company 07 3307 3018 reception@brisbanehousingcompany.com.au
Corporation of the Synod of the Diocese of Brisbane 07 3421 2800 dwarren@spiritus.org.au
Crown Property 0418 726 729 david@nextproperty.com.au
Horizon Housing Company 07 5597 6300 gchc@gchousingco.com.au 
ING Garden Villages 07 3226 5800 stuart.fallis@gardenvillages.com.au
Mackay Regional Housing Company 07 4953 4952 jennifer@mrhc.com.au
Mystart 07 5510 3553 rentals@theinvestmentfocus.com.au 
National Housing Company  03 9017 3900 TimL@ahsolutions.com.au  
Philip Usher Constructions 07 3800 1666 glen@philipusher.com.au
Quantum Housing Group 08 9498 1183 lford@quantumhousing.com.au
Queensland Affordable Housing Consortium 07 3844 9947 executive-director@qchc.asn.au 
Questus Funds Management 08 6310 5040 elizabeth.lee@questus.com.au
St Marks College Accommodation Management 07 4759 5102 stmarks@jcu.edu.au
Stony Creek 07 4045 5656 sales@olga.net.au
Sundale 07 5470 7164

james.moussa@sundale.org.au
The Presbyterian Church of Queensland 07 3223 4428 gbampfield@prescare.org.au
The Trustee for Isaac Affordable Housing Trust 07 4941 4500 mark.crawley@isaac.qld.gov.au