NRAS

NRAS stands for National Rental Affordabilityy Scheme.

The Ownership of the tax break is allocated to the property and survives when selling the house to another entity/ person.

- Big Year In Store for NRAS Despite Government Flood-Funding Diversion

In the last week of January 2011 the federal government announced that NRAS funding is to be partially diverted for rebuilding after the recent floods. For property investors, it's a case of deciding if the NRAS option is worth while or maybe something to skip. We see this as a opportunity, and so does it seem to a lot of the professional investors out there.

The lash back comes from the fact that 15,000 houses and $264 million have been removed from the NRAS program, reducing housing affordability and allowing fewer property investors to participate in the scheme.

Our view is that while other government programs have been cut completely, the Government has definitely confirmed its commitment to funding incentives for 35,000 NRAS properties. And even better, these incentives will not be changed, so that NRAS properties will continue to deliver their existing and future financial benefits to property investors.
Now here's the really exciting part:

As a result we anticipate that 2011 will be the year of NRAS Property Investment Bonanza.

Greater understanding of the scheme by the property investment community and by the major lenders, combined with an increasing number of available properties will all lead to a growth in the popularity of the scheme.

On the other hand, the Government has reduced the supply of NRAS properties in the longer term, so we are not sure how long the NRAS opportunity will be available for property investors, and in what quantities. Now that NRAS is better understood, we expect that there will be greater competition for NRAS properties this year, as investors recognise that now is the time to act.

We are already finding in the first month of 2011 that NRAS properties are only staying on the market for very short periods of time, in some cases only days.
The recent announcement by Julia Gillard will serve to increase demand for NRAS because there is now a scarcity value to obtaining an NRAS property.

Make sure you don't miss out on this unprecedented investment opportunity by following these simple steps:

1.Learn more about NRAS by obtaining our NRAS Incentives Report.
2. Speak with a financial advisor as to your best options and how NRAS can suit your needs better than a standard investment.
3. Develop your NRAS strategy now so you can act quickly when the time comes. Contact us on 1300 407414 if you need help with this.
4. Stay informed about current property offerings by regularly checking our NRAS property listings at www.nraspropertiesforsalesaustralia.com.au or calling us for an updated report.
5.Keep reading for the NRAS property releases as soon as they become available.

Want to know how you can finance a NRAS Property? - Contact Finance Advice Here - Free and non obligation advice

National Rental Affordabilty Scheme

The Australian Government has changed the the property investent landscape for all property investors, new and seasoned for the next 10years or even possibly 20years.

In 2008 a National Rental Affordability Scheme was hatched and debated. The times have slowly filtered thru to now 2010-2011 where there are now properties available to the open investors. This change was brought about to reduce Australia's chronic housing shortage.

NRAS Properties For Sale Australia is a dedicated website set up for the purpose of providing a one stop shop for people looking for NRAS properties in Australia. They have a wide range of properties, over 400 in Jan 2011 to choose from.

Under NRAS the Australian Government is providing incentives to

NRAS is not a supply of Social Housing, as was in the past set ups, this is a innovative method of the governments to create affordable housing for the sector usually forgotten. There is no need now for the government to build the houses, instead they have enlised the help of the public sector to minimise the short fall of approx 50,000 new dwellings by June 2012.

What are the benefits of NRAS Poperties to me?

1. A tax fee earnings of $91,400 to $109,000 provided in rebates and cash backs to the owner over 10 years from the state and federal goverments.

2. Better qualfied tenants as they must be NRAS certified prior to being a tenant.

3. New homes get more tax breaks than older homes.

4. You still get to do everything that you would normally do with a investment property.

Why would I not buy NRAS properties ?

There is no solid reason for not investing in the property if the figures on the property are to your financial liking. NRAS offers great flexibility, with investors encouraged to develop portfolios with diverse dwelling types across different locations. With more than 1.5 million households eligible to rent NRAS properties, the vacancy risk in any location is virtually negligible.

Is NRAS a kind of lower or Social Housing?

The answer is a simple No. A family needs to have a capped earning of up to $58,292 in Social housing, where an NRAS tenant can earn up to $125,960 with NRAS. That allows for alot more people that are working with 2income households to apply for these housing options.

Who are NRAS Tenants?

NRAS was specifically designed for the "Critical" workers. These are the people that are essential for our governments in all levels of federal, state and local. Key workers such as Police, Fireman, Nurses and other service areas, over 55's and community organisations are able to achieve these NRAS Scheme allocations. With NRAS properties the tenants are needing to be pre-qualified prior to being allowed to rent the property. There is a means test that needs to be completed by the organisations that have been set up for this purpose. There are also NRAS propery managers that are already qualified to rent these properties. There is no difference, once the tenants are found, in the property management arrangements.

How Do I Find a NRAS Property?

Go Right To NRAS Properties for sale Click Here

Thats easy - we have a number of NRAS properties available, all over QLD. However they go just as quickly as they come on, so click the link above for further details on the properties themselves.

Want to know more about NRAS Properties For Sale. Click Here.

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