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National Rental Affordability Scheme (NRAS)

The National Rental Affordability Scheme (NRAS) is an Australian Government initiative in conjunction with the states and territories and aims to:

  • increase the supply of affordable rental housing
  • reduce the rental costs for low to moderate income households
  • encourage the large-scale investment and innovative delivery of affordable rental housing.

NRAS properties can be owned by investors, community housing providers or private NRAS approved organisations.

NRAS properties are usually managed by community housing providers or Real Estate Agents.

Note the National Rental Affordability Scheme (NRAS), implemented in 2008, is winding down and will finish in 2026.

More information about NRAS can be found here.

More information about eligibility for an NRAS property can be found here.

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Last updated: 28 May 2024