NRAS Properties for Lease
The National Rental Affordability Scheme (NRAS or the Scheme) is a long-term commitment by the Australian Government to invest in affordable rental housing. NRAS housing provides people on a moderate income with an opportunity to rent homes at a rate that is at least 20 per cent below market value rent. NRAS homes are not social housing – they are affordable rental homes spread throughout suburbs identified to have a high rental demand.
NRAS homes can range from studio apartments right through to family homes, and are located where rental accommodation is most needed, especially in areas where employment, schools and other services are available nearby.
NRAS homes may be rented for up to 10 years, however, this will be broken into lease periods as agreed by the NRAS tenancy manager and NRAS investment property owner.
NRAS housing tenants will be required to provide written evidence of their gross income, and may not exceed the income limits for their household composition. In some states NRAS tenants will also be required to comply with an asset test.
A NRAS tenant information fact sheet is available (a specific QLD NRAS tenant fact sheet is also available). NRAS household income bracket details are updated annually, and have a 25% increase during NRAS tenancy.
NRAS housing tenants have the same rights given to tenants under the relevant residential tenancy law in the State or Territory where the NRAS property is located.
The Australian Government does not select or manage NRAS housing tenancies. You can apply to rent an NRAS property through an NRAS approved tenancy manager (in your State or Territory).
A national list of NRAS tenancy managers is available. If you are looking for NRAS properties in Queensland, the Department of Communities requires you register with them prior to applying with an NRAS tenancy manager.
If you are already registered with your state body regarding NRAS, you can find NRAS properties for lease for your state below.