|Written by Administrator|
|Saturday, 20 November 2010 22:31|
NRAS stands for National Rental Affordabilityy Scheme.
This is the Australian Government's way to try and stimpulate the building sector, which has been grossly hit by the GFC and of course the housing bubble bust. The NRAS is a scheme that provides property investors a tax break allowing investors to earn Tax Free money to a minimum of $91,400 up to $109,000 over the next ten years of ownership.
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.
As a result we anticipate that 2011 will be the year of NRAS Property Investment Bonanza.
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?
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.
Copyright © 2011 | National Rental Affordability Scheme | NRAS Properties
|Last Updated on Wednesday, 02 February 2011 02:16|