National Rental Affordability Scheme (NRAS)
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National Rental Affordability Scheme (NRAS) is an Australian Government initiative aimed at increasing the number of affordable rental properties.
The Scheme offers investor's annual refundable tax offsets or payments every year for 10 years, provided the new homes are rented to eligible low to moderate income households at 20 per cent below market value. It is NOT a social welfare program or housing commission – it targets WORKING MIDDLE AUSTRALIAN FAMILIES such as teachers, police officers, firemen, health care workers etc.
Eligible Tenants
In Queensland the tenants for NRAS properties must be sourced through the Housing Register operated by the Queensland Department of Housing. Potential tenants can apply to have themselves put on this register, if they fall within the income range, then they can apply to rent one of the properties.
When applying to rent one of the properties they will need to still go through the normal rental tenancy application process including providing references. Income levels do not guarantee eligibility. Potential tenants that fall within the income range include nurses, teachers, police officers, ambulance officers, firemen etc.
| Household Type | Annual gross income limit for initial tenant eligibility | |
| Single Person | $40,501 | |
| Couple | $55,991 | |
| Sole Parent with 1 child | $56,031 | |
| Couple with 1 child | $69,423 | |
| Sole Parent with 2 children | $69,463 | |
| Couple with 2 children | $82,855 | |
| Sole Parent with 3 children | $82,895 | |
| Couple with 3 children | $96,287 | |
| 3 adults, no children | $71, 481 |
» For more information on the National Rental Affordability Scheme, visit the Australian Government Department of Families, Housing, Community Services and Indigenious Affairs website.
