Australian renters face surging costs after end of national affordability scheme

1 year ago 57

‘It’s quite frightening,’ says a tenant who lost her rent subsidy. As debate stalls over the housing future fund, she’s not the only one who’s frustrated

Ruth Johnson was afraid her rent would surge when it was no longer covered by a federal government subsidy program. She was right.

For three years, Johnson was one of 32,000 renters benefiting from the National Affordability Rental Scheme (NRAS), a Rudd-era program that paid property owners a subsidy in exchange for them keeping rents on new homes below market rate for a decade.

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