National Rental Affortability Scheme (NRAS)
NRAS
Benz Australia Realty are specialists in dealing with NRAS properties. NRAS is an Australian Government initiative financially supported by State Governments. NRAS offers over $110,000 in refundable tax free Incentives over 10 years, indexed annually to Investors in newly constructed approved dwellings where the Tenant’s rent is 20-25% below normal market rentals for 10 years. Only 50,000 properties are financed under NRAS until 2014 so supply is limited. Currently 35,000 allocation approved. NRAS Incentives provide better cash returns to Investors than just receiving rent at market rates, often positive cash flow . NRAS is not a Social Welfare program and is based on private investment incentives. NRAS property selection criteria is undersupplied areas, high employment centres with established infrastructure, ideal for capital growth. Automatic annual rent increases and additional market rent reviews in years 4 and 7. Annual rental increases to date have been 8.4%, 5.4% and 4.2%. Additional QLD Government $10,000 construction cash incentive paid on new homes until 31/1/2012. Tax depreciation at maximum rates on new buildings. NRAS properties can be sold on the open market to other Investors before the end of the 10 year term and the new Investor retains residual NRAS Incentive entitlements. Must be newly constructed or never occupied. For more details please click on NRAS properties.
Please Contact us anytime to make an appointment to Al Fernandes – Sales Director (07) 3341 5537 or mobile 0407 182 021, Samantha Frolov on 0431 791 109 or Glenn Mckean on 0416 368 888