NEW NSW NRAS With NRAS round 5 being withdrawn as a result of the budget last year, we’ve been quickly selling the remaining round 4 stock, not expecting there to be any new releases. We’ve been quickly surprised by our NSW portfolio with two new projects in the last 2 weeks, and a third anticipated […]
In a limited number of cases, developers build properties that can attract two NRAS incentives, which results in over $200,000 (tax-free) for the investor lucky enough to find one. These dual NRAS properties are hard to come by, and when they do become available, are rapidly snapped up by waiting investors. Creating a positive cash-flow […]
After 10 years of NRAS incentive, can I renew for another 10 years? No. All properties under NRAS are new and of high quality. If the government decides to increase the supply of NRAS housing at that point then new properties will be constructed at that time. Once the 10 years of NRAS incentive has […]
There really is no way of knowing how tenants will treat any property, NRAS or otherwise, but under NRAS you have the security of knowing that the NRAS property manager has been accredited and is an expert in tenant management. It is wrong to assume that because NRAS tenants are on median incomes that in […]
What special rights do NRAS tenants have since they are ‘government backed’? NRAS does not provide tenants with any special rights over and above the relevant residential tenancy legislation in the State or Territory where the NRAS investment property is located. Tenants should be offered a standard lease for the property the same as for any […]
Can I sell my NRAS property or remove it from the program and rent it at market rates? Yes. Subject to any other contractual obligations, approved participants no longer wanting to participate in the scheme can sell their investment property or cease their participation prior to completion of the 10 year NRAS term without incurring […]
If I purchase an NRAS investment property but then change my mind and don’t want to participate in the Scheme. What can I do? Subject to any other contractual obligations, approved participants no longer wanting to participate in the scheme can sell their property or cease their participation prior to completion of the 10 year […]
Why should I consider buying an investment property under NRAS? NRAS is a tax incentive designed to encourage residential property investment. NRAS adds significantly to the return on rental properties by adding a tax-free incentive “bonus” to the annual cash-flow of the rental property. Generally, a typical investor will be better off by between $6,000 […]
What are the requirements of an NRAS approved property? NRAS properties must meet certain criteria: But does not include a caravan, houseboat or other kind of mobile dwelling. The property must be either brand new – that is, it must not have been previously lived in as a residence, or, if it was previously uninhabitable […]
How is market value rent determined for an NRAS property? In years one, four and seven of the NRAS investment property’s incentive period, NRAS approved participants are required to seek a written valuation from an independent registered valuer to determine the market rent for the property. When a new lease is entered into for a […]