Queensland government tells landlords to name their price for homes about to lose rental subsidies

Homes bought by state after exiting National Rental Affordability Scheme will become social or affordable housing

• Follow our Australia news live blog for latest updates
• Get our morning and afternoon news emails, free app or daily news podcast

The Queensland government has announced it is open for business" and seeking to buy homes exiting the National Rental Affordability Scheme.

Addressing the Queensland media club on Wednesday, the state's housing minister, Meaghan Scanlon, said a gaping hole" had been left by the removal of 10,000 affordable homes operating within the NRAS in the state.

Sign up for Guardian Australia's free morning and afternoon email newsletters for your daily news roundup