The National Rental Affordability Scheme (NRAS or the Scheme) is a long term commitment by the Australian Government in partnership with the States and Territories, to invest in affordable rental housing.
The Scheme, which commenced in 2008, seeks to address the shortage of affordable rental housing by offering financial incentives to persons or entities such as the business sector and community organisations to build and rent dwellings to low and moderate income households at a rate that is at least 20 per cent below the market value rent.
NRAS aims to:
- increase the supply of new affordable rental housing
- reduce rental costs for low and moderate income households
- encourage large-scale investment and innovative delivery of affordable housing.
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.
Latest news and events
Round 5 of the National Rental Affordability Scheme (NRAS) opened 7 May
The Minister for Housing and Homelessness, Mark Butler, announced the NRAS Round 5 call for applications.
Round 5 opened on 7 May 2013, and closes on 6 August 2013. It seeks to allocate up to 10,000 incentives for dwellings.
The NRAS Shovel Ready round is open until 22 May 2013. Learn more about if you should apply for the Shovel Ready round or Round 5.
If you have any feedback, concerns or complaints about the administration or delivery of NRAS or actions of NRAS Approved Participants, please contact the NRAS Helpdesk:
- Phone: 1800 334 505 (9:00am – 4:00pm Monday to Friday AEST)
- Email: firstname.lastname@example.org
If you would like to report suspected fraud or misconduct against the NRAS or any other FaHCSIA program, please go to http://www.fahcsia.gov.au/contact/reporting-suspected-fraud.
NRAS Frequently Asked Questions
Information for NRAS participants, investors and tenancy managers
- List of approved NRAS participants (refer to the latest NRAS performance report)
- NRAS incentive (indexation)
- NRAS household income (indexation)
- NRAS calls for applications (Rounds)
- Information for NRAS participants
- Information for NRAS private individual investors
- Information for banks and financial institutions