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What's all this about NRAS?
3 Dec 2009
NRAS known as the National Rental Affordability Scheme is an Australian Government initiative aimed at stimulating the supply of 50,000 new affordable dwellings over the next 2 years.
What does this mean to you the investor?
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The Government are rewarding investors who engage in the scheme by allocating tax credits of $8,672 p.a. over a period of 10 years, equivalent to a minimum of $86,720 not including CPI rental indexing > In the majority of cases, this is the difference between a negative cashflow investment and a positive cashflow investment
> NRAS provides a secure income stream with no vacancies for the 10 year period
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