nras property

25/11/2011 17:01


The Australian federal government launched The National Rental Affordability Scheme or NRAS in 2008 for the purpose of providing assistance and funding to increase the supply of affordable rental dwellings. This has opened a door to new investment possibilities within the property sector.If the investor reduces the rent by 20% of the market rent, the government will provide a tax incentive of $9,524 per annum ($7,143 from Federal and $2,381 from the State governments). This payment increases in line with CPI and in 2011 it is $9,524.The bottom line is in order to create this opportunity, investors are needed. NRAS is a great place for investors, as it is not only a government backed opportunity it is also a sure way to get a great return on your money. The investor must first purchase an NRAS approved property which will in turn make them eligible for the tax incentive of $9,524 per annum in line with CPI for 10 years. The great thing about investing in NRAS is the fact that your investment is tax free and is part of a government subsidized property investment. With rental rates and property rates being what they are today, NRAS is opening up a huge market for investors who are still leery of investing in private real estate at this time.Since the NRAS provides rent at a 20% lower rate than market value, investors have very little worry when it comes to vacancy rates and abandoned homes. This also means that since there is so much interest in the homes, management can be choosy about who does and does not live in the housing.Read more about  nras property Choosing better tenants, and creating an affordable rental home are both ways that NRAS can assure you will never have to worry about your investment.In the term of 10 years investors will see a $90,000 plus profit. NRAS also offers investors a chance to buy more than one home within the scheme, allowing for a greater return as well as a chance to own more properties.Investors should also know that they can sell their properties at any time during the investment as well as any time after the 10 years has expired. Investors in the NRAS are also able to lodge their tax return in order for the tax credits to offset overall tax payable or in order to create a cash refund at the end of the fiscal year. As NRAS is growing at a rapid speed it is wise to get in on the investment as soon as possible, the fact is by 2014 there is going to be over 50,000 available homes.Being an individual property investor you want to know just what you are getting when you invest in a property. With NRAS you will know exactly what you are getting before you invest, as well as what you can expect to happen within the 10 years. Investing in NRAS is great for investors who are looking for tax breaks as well as a no hassle property.For more info visit  nras property

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