I have an NRAS property in Qld and I wish I had never heard of it. I am having big problems with the consortium. I think that they underpay their property managers and over work them. They don't have a clue about it all. The small amount you get off the government is eaten up in fees and more fees especially when you first start out. It is going to take me 2 to 3 years of NRAS payments just to get the fees back, with out actually making anything out of it.The tenants demand things as if they are paying top dollar. Look into NRAS very carefully before you do it.