For some reason, not many people have heard about the NRAS (National Rental Affordability Scheme) but it is one of the biggest opportunities for investors available today. In short, if you purchase a new property and place it on the rental market at a 20% discount to market rates (i.e. if the market rent is $375 per week, then you rent it out for $300 per week) the federal and state government will give you just over $9,000 each year for ten years. So in the example above, by sacrificing $75 per week ($3,900 per year) you will get $9,000 in return... The best part is that the $9,000 comes tax free so it is possible to negatively gear the investment but still be cash-flow positive, and claim depreciation to boot. There has been concerns that NRAS properties are only available to particular segments of the market, however I'm pleased to point out that the NRAS properties are offered for rent on the open market, so owners still get to select their tenants.
We have several NRAS properties available for sale now, e-mail to find out more!
-Ash McAuliffe
ash@goggin.com.au
0457 302 260