NRAS(The National Rental Affordability Scheme) is an Australian Government initiative to stimulate the supply of 50,000 new, affordable rental homes for Australian families.
Essentially NRAS is the same as traditional property investment with one key difference - NRAS approved properties are financially incentivised by the Federal and State Governments to attract investment in the private housing sector. Extremely generous incentives are available to NRAS investors but the incentives are not being made available for traditional property investment.
Investors are paid $9,140* p.a. tax-free, in return for agreeing to rent their property to a pool of eligible, quality middle income tenants at an agreed, reduced rental rate. Despite, receiving a reduced rental rate for the property, NRAS approved properties are generally all POSITIVELY GEARED#.
The NRAS Incentive is paid to investors for up to 10 years OR for the duration the property is retained in the NRAS Scheme.
The Government is committed to NRAS and has set aside in excess of $1 billion to fund the NRAS Scheme.
NOTE. NRAS approved properties are NOT social housing and the Government has no legal or monetary claim over these properties.
THE PROCESS...
NRAS is a strictly limited opportunity. Less than 1 in every 400 Australians will be lucky enough to secure an NRAS approved property as part of their investment portfolio. Prudent investors should act promptly to avoid disappointment.
HOW DO I TAKE ADVANTAGE OF THIS OPPORTUNITY?
1. Contact NRAS Properties to arrange your obligation free in-home consultation
2. Select your NRAS approved property from the range available - we can also assist with finance for your purchase
3. Settle your NRAS purchase, then sit back and watch your investment grow in value.
Investors who maintain their investment property in the NRAS Scheme for 10 years will receive approximately $100,000+* tax free, in addition to their annual tax deductions. *Current as at November 2010
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