Today, July 1, is the start of a new financial year. It also marks the end of the National Rental Affordability Scheme, which once provided more than 35,000 affordable rental homes across the country.
The scheme was introduced by the Rudd government in 2008 in response to declining affordability. But it was later axed by the Abbott government in 2014, with no new dwellings approved after 2016. This June, the final 3,600 properties left the scheme.
