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
Tuesday 22 October 2013
Australian Securities and Investments Commission (ASIC) warns consumers about advertisements recommending SMSFs purchase properties through the National Rental Affordability Scheme
For more information read: ASIC warns consumers about ads recommending SMSFs purchase properties through government scheme
It has been brought to the Departments attention that there have been some instances where individuals are being approached by people claiming to be representatives of the Government with regard to investing in a property under the NRAS Scheme.
In response, DSS notes that the government does not authorise or register individuals or organisations to speak to members of the public about NRAS investment.
In particular, DSS officers do not:
- contact members of the public promoting NRAS;
- seek to make appointments with people at their home; or
- contact members of the public asking for personal information, such as banking details.
If approached in this manner, we recommend that you do not give out any personal information, such as banking details, and if you are uncomfortable with the nature of the call or approach, just hang up.
If you have already provided information to the individual or individuals and you are concerned that a crime has or may be committed, contact the police.
What to do if approached or if you need assistance
While a number of (non-government) participants provide investment opportunities to individuals to invest in NRAS homes, investors should undertake their own investigations and seek independent financial, legal and taxation advice to ensure that they are satisfied that investing in NRAS is the right investment for their individual circumstances.
If you receive a call or are approached, and feel that you are being misled in some way, you can contact the Australian Competition and Consumer Commission Infocentre on 1300 302 502 or via http://www.accc.gov.au/contact-us.
If you believe it to be a scam, you can report it to the Australian Competition and Consumer Commission by calling 1300 795 995 or by visiting www.scamwatch.gov.au.
You can also register on the Australian Government’s Do Not Call Register at www.donotcall.gov.au, or for more information call 1300 792 958.
National Rental Affordability Scheme - Round 5 closed on 6 August 2013.
Round 5 of the NRAS call for applications is now closed. For information about Round 5, go to the Round 5 page.
National Rental Affordability Scheme – Status of Shovel Ready round.
The Shovel Ready round opened on 18 April 2013 and closed on 22 May 2013.
Assessments for the Shovel Ready round have been completed with a total of 2,454 incentives offered.
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: email@example.com
If you would like to report suspected fraud or misconduct against the NRAS or any other DSS program, please go to the Reporting Suspected Fraud page.
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