A rare opportunity...a new lifestyle

Ultima Harbourside...NRAS APPROVED

 

 

 

 

 

 

 

 

 

 

 

 

 

 

An opportunity beyond all! Nras approved developments are very rare and they allow investors to get a helping hand from the government. It gives investors security and elevates the rental occupancy and appeals to a wider range of renters. It also has a huge bearing for future on sales and adds value to an already remarkable property.

 

 

What is NRAS? (the following is a insert from www.nraspropertysales.com.au)

 

The National Rental Affordabilty Scheme (NRAS), is a long term commitment by the Australian Government to invest in affordable rental housing. Affordable Housing in the context of NRAS is a term that describes the sector between social housing and full priced rental accommodation. NRAS does not provide social housing, it’s about making more affordable rental homes available to families and individuals – from students to retirees and anyone in between.

 

The NRAS scheme was created to reduce the rent payable by “key workers” within the community, such as police officers, nurses, childcare workers, ambulance service workers, paramedics, teachers, fire-fighters and other critical community members. Other types of tenants include sole parents, apprentices, students, pensioners and retirees as well as family members including brothers, sisters, children, parents and people with disabilities.

 

NRAS homes are required to be rented to eligible tenants at least 20 per cent below the market rent to be eligible for the National Rental Incentive annually. The income levels for eligible tenants are specified in the NRAS Regulations. Initial tenant income levels are assessed against gross income according to the household composition.

 

 

What are the benefits of investing in a NRAS approved investment property?

 

• An annual tax-free incentive that is indexed annually for 10 years.

• The NRAS incentive is not available to standard non-approved residential property investors

• Socially responsible investing providing affordable rental housing for qualifying key workers, such as, childcare workers, teachers, police officers, fire-fighters, nurses and paramedics.

• Stronger potential for a positive cashflow return 

• Potential investment earnings from the growth in the property value

• Reducing your tax burden through potential negative gearing benefits and positive cash flow at the same time.

• Possibly increase the negative gearing benefit by applying expenses and non-cash deductions and allowances against a lower assessable rental income as the property is rented at 80% of the current market rate.

• Tax deductions on interest payments.

• Tax deductions on property depreciation

• Ownership of a newly built dwelling

• Possible reduced vacancy rates over the 10 years due to the dwellings rented at 20% below market rates making the property most sought after by tenants.

• It is a flexible system – investors may exit the scheme at any time without incurring exit penalties.

• The property can be sold with remaining NRAS incentive to another investor who undertakes to comply with the scheme or an equivalent dwelling can be offered for the remaining part of the 10-year period.

• •The property can be sold without the NRAS.

 

Who is eligible to rent under the scheme?

 

Please click on the below link for all information for TENANTS