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 percent 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:
2019 – 2020 Household Income Limits:
| Household composition | Household income limit ($) |
| One adult | 51,398 |
| Two adults | 71,061 |
| Three adults | 90,724 |
| Four adults | 110,387 |
| Sole parent +1 child | 71,110 |
| Sole parent + 2 children | 88,160 |
| Sole parent +3 three children | 105,210 |
| Couple + 1 child | 88,111 |
| Couple + 2 children | 105,161 |
| Couple + 3 children | 122,211 |