The National Rental Affordability Scheme (NRAS) is an initiative by the Australian Government to encourage the construction of new housing in Australia.
NRAS is a long-term commitment by the Australian Government to invest in affordable rental housing. The Scheme seeks to address the shortage of affordable rental housing by offering financial incentives to build and rent dwellings to low and moderate income households at least 20% below market rates for ten years.
The primary focus of NRAS is to:
- increase the supply of affordable rental dwellings;
- reduce rental costs for low to moderate income households; and
- encourage large scale investment and delivery of affordable housing.
Questus is a leader in Australia’s affordable housing sector, delivering over $1 billion in affordable housing.
Partnering with National and State based Developers, Questus established a niche position in the Australian Federal and State Government’s National Rental Affordability Scheme (NRAS).
Combining access to Private and Institutional Investors with significant experience working to Federal, State, Local and Quasi-Government initiatives, Questus is an innovator in helping meet Australia’s growing demand for affordable housing.