The National Rental Affordability Scheme (NRAS) was introduced by the FEDERAL GOVERNMENT to increase the number of new properties available for rent in Australia.
The goal is to produce an additional 50,000 new accommodation in the next 5 years, with the possibility of another 50,000 beyond that.
WHY THE SHORTAGE IN ACCOMMODATION
The Commonwealth Government has identified 200,000 households in Queensland that are under housing stress. The Urban Development Institute of Australia (UDIA) says Queensland will enter 2010 with the worse housing shortage of any state.
South East Queensland (SEQ) is Australia’s fastest growing Metropolitan Region and the 2nd fastest in the Western World. Its population is expected to grow from 2.8 million to 4.4 million people by 2031. An additional 754,000 dwellings will be required.
(Qld Gov)
www.dip.qld.gov.au/seq
HOW THE INVESTOR BENEFITS
The Commonwealth and State Governments are offering a tax credit incentive of approximately $9,100 a year, per dwelling every year for 10 years.
Rent and the Government incentives will be indexed annually according to CPI. In exchange for the tax free incentives, new properties are rented at a discount rate of between 20 to 25% of market rent to eligible tenants. In some circumstances, the Head Lease comes with a 10 year rental guarantee. Depending on your INCOME, THESE PROPERTIES CAN BE CASH FLOW POSITIVE.
WHERE ARE THE NRAS PROPERTIES
NRAS approved properties are located throughout Queensland, with the concentration is SOUTH EAST QUEENSLAND in fast growing family orientated corridors. The estates selected only have a small allocation of NRAS PROPERTIES. THIS IS NOT SOCIAL HOUSING AS IN HOUSING COMMISSION; there are very strict guidelines for tenants to become eligible to rent an NRAS property. The last 12 months we have enjoyed marketing NRAS properties in extremely popular locations from Gold Coast to Cairns.. Every month new packages become available.
WHAT INVESTORS ARE SAYING
Some of our investors have been wishing to invest in the Qld Property market; however they were hesitant because they thought they could not afford a new property. In so many cases, the NRAS properties have worked out to be CASH FLOW POSITIVE; some with 10 years RENT GUARANTEE.
Just imagine purchasing a brand new home or unit in a desirable address that may be cash flow positive with a 10 YEAR HEAD LEASE IN PLACE. However, we are not Financial Planners, so please check with your Accountant or Financial Planner to enquire if NRAS properties are suited for you.
OUR TEAM
We are fortunate in assembling the top professionals in their field. Every professional operates their own business separately from NRAS PROPERTY INVESTMENTS. For your convenience, we have Finance Brokers, Wealth Coach, Solicitors and Accountants who we are pleased to recommend. However, you may choose any of your own to assist you in a property purchase.
Each week we update our choice of NRAS properties that are available. It is imperative that you contact us and register your interest ASAP. This year we are negotiating on having NRAS in Brisbane CBD, Logan City, Redcliffe, Ipswich Region and Gold Coast. Also our regional partners are working hard on the Surat Basin Region and North Queensland.
