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I'm pretty sure they have to be rented to people who couldn't afford market rate. http://www.qahc.asn.au/modules/tinyd0/index.php?id=4 Although based on those incomes figures quoted I'd expect them to be able to afford something in outer surburban areas.

$8K vs 20% Anyone renting something out that goes for $40K a year. That about $800/pw. Its a massive subsidy. Only issue is dealing with tenants who can't afford market rents. Somehow I get the feeling this is a free-kick to developers who get the allocations not so much to investors...