Wednesday, November 23rd, 2011
Capalaba’s newest lifestyle apartment project, Rhodes, has been allocated National Rental Affordability Scheme (NRAS) status for a number of apartments in the development.

The NRAS is a Federal Government initiative to encourage the construction of new affordable housing, which will be rented out at least 20 per cent below the market value rent and targeted at tenants within the service industries such as police, teachers and nurses.

Rhodes sales and marketing manager Gavin Loyden says nominating a portion of apartments for the NRAS scheme will provide for a good mix of residents in the precinct and a great opportunity for investors.

“With NRAS approved apartments on offer, Rhodes will be appealing to both owner-occupiers and high-end renters,” Mr Loyden says.

“With a high quality standard of finishes, resort style facilities and extremely central location, the allocation of NRAS apartments will appeal to the more sophisticated renter.

“Investors can benefit from an incentive of $9,524 per annum tax free, while eligible individuals and families who earn up to $125,960 will be able to rent one of the apartments.”

My Loyden says ASX listed investment management company Questus has arranged the approvals from the Government for 137 properties to be NRAS approved.

“Offering Rhodes properties under this scheme will allow buyers and investors to benefit from tax deductions such as property management, insurance and interest expenses,” Mr Loyden says.

“For investors, it means they can receive rental income from good tenants, potential capital growth and any taxation deductions associated with the owning of the property.

“Investments in direct property under the NRAS have generally shown consistent returns and have demonstrated to be less volatile than other asset classes and investments such as listed equities.”

Mr Loyden says to maintain compliance with NRAS it is necessary for the approved property to be managed by an approved property and tenancy manager.

“Having an approved property and tenancy manager ensures there is no need for owners to worry about rent collection or tenancy management,” Mr Loyden says.

Mr Loyden says the incentives that come with an NRAS approved property are for up to 10 years and indexed annually to the rental component of the Consumer Price index, making an ideal long-term investment.

“Capalaba is an excellent property investment location with a number of major infrastructure projects either underway or in the pipeline and sure to increase the area’s popularity in the coming years,” Mr Loyden says.

“The area has also been flagged in the South East Queensland Regional Plan 2009-2031 by the state government as a ‘principal regional activity centre’, along with suburbs like Upper Mt Gravatt, Chermside, and Indooroopilly, so there will no doubt be more infrastructure projects in the future.

“Rhodes Capalaba is in the perfect position to take advantage of all this activity being close to the suburb’s CBD and local employment centres as well as providing the ability of residents to commute to work in Brisbane’s CBD via updated bus and rail networks.”

For more information about Rhodes, please contact the onsite sales office on 1300 930 134 or visit for more information about the development.

Contact Profile

Bruce Nelson

P: 0423 403 449
M: +61 (0) 423 403 449


NRAS, tax incentive, Rhodes Capalaba, Apartments, Gavin Loyden, investors



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