The Australian Government established the National Rental Affordability Scheme in July 2008 to increase the supply of affordable rental housing by 50,000 dwelllings across Australia by June 2014.
Under the scheme, investors will purchase new affordable housing and rents will be set at least at 20% below the market rent for the properties. In Queensland, the Department of Communities will refer eligible applicants to the National Rental Affordability Scheme tenancy managers, who will select tenants, and manage the properties built under the scheme and the tenancies.
Further information, including regulations, program guidelines and general information about the scheme, is available at the Australian Government's Department of Sustainability, Environment, Water, Population and Communities National Rental Affordability Scheme website.
The Queensland Government, through the Department of Communities(Housing and Homelessness Services), is working with the Australian Government on delivering the scheme in Queensland.
Prospective Tenants
A fact sheet outlining tenant eligibility requirements under the scheme in Queensland is available for further information.
You can apply to become an approved propective tenant under the scheme by completing an National Rental Affordability Scheme on-line application form at the prospective tenants page.
A list of currently available properties under the scheme can be found at National Rental Affordability Scheme - Queensland.
Check back often as the department will update the list of properties as they become available.
If you are currently on the department's housing register and would like to apply for a property to rent through the Scheme please call the department's call centre on 1300 880 882 to register your interest.
Investors
Information about the National Rental Affordablility Scheme and a list of current approved providers in Queensland can be found at NRAS investors - Queensland.
Approved Providers
Round 4 of the National Rental Affordability Scheme closed on 14 December 2010. Currently there are no further opportunities to lodge applications under the Scheme.