NRAS PROPERTIES

National Rental Affordability Scheme - NRAS Properties are the newest way for an investor to buy a Positive Cash Flow Property.

NRAS PROPERTY

1.The National Rental Affordability Scheme or NRAS properties was launched in 2008 for the purpose of providing assistance and funding to increase the supply of affordable rental dwellings, reduce rental costs to low to mid income earners and to encourage investment on a large scale to provide more affordable housing.

2. NRAS is expected to supply up to 50,000 affordable rental houses across Australia by 2012, with a further 50,000 to be made available post 2012 at a cost of over $1billion to the Government ( aka the Tax Payers ) - UPDATED TO ONLY 35,000 HOMES - Supply has been cut and now its even more important to get in NOW before they are all gone.  See NRAS properties for sale Australia for more properties.

3. The whole scheme runs on the requirement that the investor reduces the rent by 20% (may vary according to incentive provider) of the market rent, the government will provide an incentive of $9,140 per annum ($6,855 from Federal and $2,285 from the State governments in cash and rebates ).

4. This payment increases in line with CPI and in 2010 it is $9,140 per dwelling.

5. The NRAS property tenants are determined on an income basis with the service industries such as police, teachers, fire services and nurses targeted as potential tenants.

6. The income capping for a NRAS property tenant is a Gross Income of $101,561pa - as compared with a Social housing gross income of less than $58,292pa.