National Rental Affordability Scheme

Information for Investors

NRAS dwellings are private property. No Government holds caveats or claims over NRAS properties.
NRAS homes can be bundled with non-NRAS properties: they may be only a minority of a new multi-storey development, with other properties sold off-the-plan to homebuyers and individual investors.
NRAS dwellings can be sold without penalty during the 10 year holding period:
- a dwelling can be sold to another investor who undertakes to comply with NRAS obligations; or
- an equivalent dwelling can be offered as a substitute dwelling for the remaining part of the 10-year period.
At the end of the NRAS 10 year period, properties revert to full control of the investor, who has no ongoing obligations to the Australian Government.
Where dwellings are approved under NRAS, investors should be aware that this does not mean that the Australian Government endorses, guarantees or secures the investment in any way.
The Australian Government has made a 10 year commitment to NRAS. The Scheme is managed and regulated under the legislative framework provided through the National Rental Affordability Scheme Act 2008.

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