Government Launches National Rental Affordability Scheme Prospectus
Source: Australia. Treasurer and Minister for Housing. Joint Media Release
"Treasurer Wayne Swan and Minister for Housing Tanya Plibersek today (24/7/08) launched the prospectus for the National Rental Affordability Scheme.Under the scheme, the Australian Government has combined with State and Territory Governments to offer incentives to institutional investors and housing providers to build 50,000 new rental properties, which will be rented out at 20 per cent below market rate."