The National Rental Affordability Scheme, a government initiative, provides Investors and Home buyers with an opportunity to receive up to $80,000 in tax credits (over 10 years). Launch of www.nrasscheme.com.au provides comprehensive information for investors.
The Australian Government plans to stimulate the supply of new affordable dwellings by up to 50,000, which is great news for investors and home buyers – and new website www.nrrasscheme.com.au provides an easy to understand guide for interested parties. The site clearly explains the National Rental Affordability Scheme (NRAS).
The scheme, introduced in July 2008, provides a Commonwealth incentive of $6,000 along with a state incentive of $2,000 for eligible purchases. With rebates valid for 10 years – the $80,000 in tax credits is something that investors can’t ignore. In addition to the improved rental yields, other benefits include reduced vacancy risks, a larger pool of tenants to select from and guaranteed contributions from the Australian Government for 10 years The NRAS Scheme website pulls together all of the complex legislation in an easy to understand guide – and shows you how to source properties eligible for the NRAS program.
The NRAS Scheme, as well as being an excellent source of information, is also helping to connect investors and buyers with NRAS appropriate properties. With properties currently available, starting at a low $241,500 – Investors have nothing holding them back. www.nrasscheme.com.au is taking enquiries now for the limited properties available.
If you would like to learn more, or are ready to get started with your own NRAS property visit www.nrasscheme.com.au for all of the information required.
NRAS Scheme was developed from an Australian Government initiative to make rental properties more affordable by encouraging large scale investment in rental housing for low- moderate income families and individuals. It aims to assist institutional investors, developers, and not-for-profit groups to deliver 50,000 rental dwellings over the next two financial years and a further 50,000 rental dwellings post 2012.
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