The National Rental Affordability Scheme (NRAS) is an Australian Government initiative, supported by the Queensland Government that aims to:
- increase the supply of new affordable rental housing
- reduce rental costs for low to medium income households.
- encourage large-scale investment and innovative delivery of affordable housing.
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.
The Australian Government is committed to stimulating the construction of 50,000 high quality homes and apartments, providing affordable private rental properties for Australians and their families.
If you are interested in renting an NRAS property, visit our webpage for prospective tenants.
If you are interested in investing in an NRAS development, visit our webpage for investors.