The National Rental Affordability Scheme (NRAS) 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.
Established in July 2008, the scheme provides financial incentives for investors to purchase new affordable housing that must be rented at a minimum of 20% below the market valuation.
Up to 40,000 will be supported nationally to June 2014, with a further 10,000 dwellings to be supported in 2015-16.
On 28 March 2013, the Australian Government announced two new funding rounds for NRAS. For information about Queensland's participation in the first of these two rounds, see our Shovel Ready Round page.
In Queensland, eligible tenants must first be registered with the Department of Housing and Public Works (Housing Services). Applications for renting NRAS properties are made through approved NRAS tenancy managers, who select and manage tenancies and the properties built under the scheme.
- Information for Prospective Tenants
- Information for Investors
- Information for Tenancy Managers
- NRAS - Shovel Ready Round
For more detailed information about the Scheme, including regulations and compliance, and program guidelines visit the Australian Government's Department of Families, Housing, Community Services and Indigenous Affairs National Rental Affordability Scheme website.