Invest in affordable housing

The National Rental Affordability Scheme (NRAS)

The scheme is an Australian Government initiative, supported by the Queensland Government to increase affordable housing for low-to-moderate income households.

For investors

The scheme offers investors an annual financial incentive to buy new, affordable homes and to rent them for at least 20% below market rents to low and moderate income households.

The annual financial incentive is currently $11,192.13 per dwelling, and is indexed annually to the rental component of the CPI. The incentive has 2 parts:

  • the Australian Government contribution of $8,394.10 per year for 10 years as a refundable tax offset, or a cash payment for charitable institutions;
  • the Queensland Government contribution of $2,798.03 per year for 10 years as a cash payment for dwellings in Queensland.

NRAS properties must be rented to tenants that meet the eligibility criteria

Read more about the scheme, including regulations and program guidelines.

If you are interested in investing in a property under this scheme, contact an approved participant directly for information about investment opportunities. Approved participants are groups of investors that already invest in the National Rental Affordability Scheme. A list of approved participants can be found at the bottom of this page.

Make sure you get independent financial advice before buying an NRAS property.

Property and tenancy managers

Property and tenancy managers must be nominated by an approved participant and approved by us before leasing property under the scheme.

Property and tenancy managers for NRAS should be one of the following a:

  • Registered Housing Provider under the Housing Act 2003
  • licensed real estate agent under the Property Agents and Motor Dealers Act 2000
  • a local government.

If you are interested in becoming an NRAS property and tenancy manager, please contact an approved participant directly.

Find out more about the requirements and role of property and tenancy managers.

Approved participants

Affordable Management Corporation Pty Ltd

Phone: (07) 3234 8999

Anglicare Southern Queensland

Phone: 1300 610 610


Aspire Housing Group

Phone: (07) 5414 2413

Australian Affordable Housing Securities Limited

Phone: 1800 940 773

Aztec Developments Qld Pty Ltd

Mobile: 0409 399 699


BRAL Investments Pty Ltd

Brisbane Housing Company Ltd

Phone: (07) 3307 3000

Coast2Bay Housing Group Ltd

Phone: (07) 5451 2900


Compass Housing Services (Queensland) Ltd

Phone: 1300 333 733
Mobile: 0422 616 913

Connect Housing Ltd

Phone: (07) 4953 4952

Crown Property Pty Ltd

Phone: 1300 400 777

Gladstone Central Committee on the Ageing

Phone: (07) 4972 4465

Horizon Housing Company Ltd

Phone: 1300 133 027

ING Garden Villages Pty Limited

Phone: (07) 4972 4465

The Trustee of the Isaac Affordable Housing Trust

Phone: 1300 472 227

The Trustee of the Kenjad Trust

Mystart Ptd Ltd

Phone: (07) 5554 0900

National Affordable Housing Consortium Ltd

Phone: (07) 3169 2500

Philip Usher Constructions Pty Ltd

Phone: (07) 3800 1666

The Presbyterian Church of Queensland (Prescare)

Phone: 1800 773 722

Quantum Housing Group Pty Ltd

Phone: 1300 840 934

Sundale Ltd

Phone: 1800 SUNDALE (1800 786 3253)