What's all this about NRAS?
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?
> 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
> The Scheme enables investors to hold more property in growth areas.
Australians and overseas residents can qualify for NRAS. Find out if your next investment property qualifies for NRAS.
