Benefits of buying an existing NRAS Property.

 

What is the National Rental Affordability Scheme?

 

NRAS is a long-term commitment and initiative by the Federal and State Governments to address the shortage of affordable rental housing by offering financial incentives to build and rent dwellings to low- and moderate-income households at least 20% below market rates.

Housing Block

 

The Government Incentives are tax free incentives, available each year for 10 years to owners of NRAS Approved Properties.

 

The current NRAS year incentives are $10,917.04. Housing Group Consumer Incentives are indexed annually to the rental component of the Price Index.

 

When will I receive my incentives?Australian Money

The NRAS year runs from 1 May to 30 April. ARIF is required to lodge the annual compliance report for your property in May of each year.

 

A significant taxation benefit of an Approved NRAS Property is that the Government Incentives are a refundable tax offset (RTO) and non-assessable non-exempt income (NANE), which means the income is tax free.

 

Another major benefit is that there are LONG TERM tenants and the Vacancy rates are NIL…

 

 

Here are some NRAS Properties available to Smart Property Investors!

9 Basalt St, Caboolture

(4 bed, 2 bath, 2 garage) Offers over $325,000.00 Current Rental $296/week

53 Lennon Blvd, Narangba

(4 bed, 2 bath, 2 garage) Offers over $365,000 Current Rental $328/week

50 Lennon Blvd, Narangba

(3 bed, 2 bath, 1 garage, 2 living areas, ducted A/C) Offers over $400,000.00 Current Rental $323.20/week

25/7-13 Shore Street East, Cleveland

(2 bed, 2 bath, 1 garage, Apartment) Offers over $425,000.00 Current Rental $344/week