Affordable Housing under National Rental Affordability Scheme (NRAS)

The National Rental Affordability Scheme (NRAS) is an Australian Government initiative, delivered in partnership with the States and Territories, to stimulate the supply of new affordable, privately-owned rental dwellings. 

NRAS seeks to address the shortage of affordable rental housing across the nation by renting dwellings to low and moderate income households at a rate that is at least 20 per cent below the market value rent.


Dwellings range from studio apartments right through to family homes, and are located where affordable rental accommodation is most needed, especially in areas where employment, schools and other services are available nearby, eligibility criteria apply.

To be eligible to apply for affordable housing under the NRAS scheme, your household income must meet the following index:

2017 – 2018 Household Income Limits:

Household composition

Initial

household income limit ($)

Existing tenant income limit ($)*

One Adult

49,547

61,934

Two Adults

68,501

85,627

Three   Adults

87,455

109,319

Four Adults

106,409

133,012

Sole parent   with one child

68,548

85,685

Sole parent   with two children

84,983

106,229

Sole parent   with three children

101,418

126,773

Couple with   one child

84,936

106,170

Couple with   two children

101,371

126,714

Couple with   three children

117,806

147,258

 

*If the household income of an existing tenant exceeds the indicated limit (25 percent greater than the initial income limit) in two consecutive NRAS years, the tenant will cease to be an eligible tenant. This column indicates figures which are 25 percent higher than the household income limits for ease of reference for this purpose.