NRAS is the National Rental Affordability Scheme. NRAS has been created by both state and federal Government to help fix the undersupply of affordable housing throughout Australia. With the help of property investors, the Australia Government is able to offer NRAS Property with large investment incentives for those looking to invest in a NRAS approved property. The NRAS property scheme has effectively been set up to: • Increase the supply of new affordable rental housing • Reduce rental costs for low and moderate income earners • Encourage large scale investment and innovative management of affordable housing Property Investors looking to invest in property at the lower range should look at the NRAS property investment opportunities that are available. There are currently few options around but that will change as new opportunities will continue to arise. The biggest incentive is that the Government is giving property investors that invest in NRAS approved property a $109,288 tax free incentive! This is over a 10 year period. Not only are you able to attain this very large tax free incentive from the Government, as a property investor you are still able to claim the negative gearing benefits as you would with any normal investment purchase outside of the NRAS Property Scheme. When looking for an NRAS property, options to consider are apartments, house and land packages and townhouses. What is also critical to the success of your investment is the commitment to first finding the a suitable location rather than just buying an nras property for the benefits without considering the possibilities of long term capital gain and future rental demand. Although the NRAS Scheme only lasts 10 years, what happens after this 10 year period, could be the major difference between a good nras investment and a great nras investment. If you are committed to looking for an NRAS Property is a suitable location that will provide both strong capital growth with increased rental returns over a 10 year period +, then please contact Find Investment Property on 1300 12 3463 to see how we can assist you. Buying an NRAS property can be a little complicated due to the nature of the set-up but making sure you do everything right and work with the right NRAS consortiums is going to help put more money in your pocket over the long term. Contact us on 1300 12 3463
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