Interested investors need to apply to the Australian Government for an allocation of NRAS Incentives.

Investors at scale may apply for NRAS Incentives for individual projects, or partner with not for profit housing providers and property developers to build properties in different locations. Consortiums and non entity joint ventures are common models for NRAS projects.

Because NRAS aims to encourage large-scale investment in affordable housing, NRAS Incentives cannot be applied for by small-scale, individual investors.

Instead, individuals who are interested in purchasing just one or two NRAS properties as an investment can become involved by approaching entities who are applying or already have a larger allocation of NRAS Incentives.

Entities operating as investment vehicles for small-scale investors might be superannuation funds, property trusts or consortiums with many individual investors taking part.

NRAS applicants include institutional investors, individual investors, private developers and not for profit housing providers that build, own and manage NRAS dwellings.

Many investors will need finance to help purchase an NRAS property.

The Australian Government is working with, and keeping the finance sector up-to-date about NRAS. The Government encourages investors to work with their lending institutions to provide detailed information about the structure of their NRAS proposals.