Overview of NRAS (“National Rental Affordability Scheme”)

Buying an NRAS approved property is like purchasing any other investment property.

When the Government approves a dwelling under the NRAS scheme, then the investor has a choice. If the investor reduces the market rent by 20% to the eligible tenant, then the investor will receive from the government a minimum of $9,981 per year tax free, for 10 years. Rental CPI indexed.

This strategy on selected properties enables the investor to be “POSITIVE CASH FLOW” from day 1! This can be done for private investing or through a Self Managed Super Fund.

Do you need help to apply for a NRAS mortgage?

Please enquire online or call us on 02 8883 3088 to speak to specialist mortgage broker that will help you with home loan approval.

 

Background of NRAS

The NRAS scheme was launched for the purpose of providing assistance and funding to increase the supply of affordable rental dwellings, reduces rental costs to, low to mid income earners and to encourage investment on a large scale to provide more affordable housing. The scheme was introduced by the Liberals and passed by Labor in July 2008. The shortage of houses across Australia in 2008 has been estimated at 85,000 and exceeding 200,000 by 2013.

The scheme is expected to deliver up to 50,000 affordable rental homes Australia wide by 2016.

Eligible tenants are determined on an income basis with service industries such as police, teachers and nurses and social care workers.

The incentives are tax free. The NRAS scheme is funded by the Federal and State Government but operated privately.

How we can help

MIdas has alliances with several fantastic property investment companies that can provide access to quality stock designed to meet the specific requirements of Property Investors.

If you would like to learn more abour NRAS & Positive Cashflow property investment please register your interest using our enquiry form.

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Ashton Grove

All homes are offered complete and ready to move into with spacious bedrooms plus an ensuite and walk in wardrobe in the master bedroom. The home contains two separate living areas that lead onto an al fresco area and compliment the friendly living design. 

  • Purchase price from $433,500
  • Rent including NRAS from $576 per week
  • $9,981 tax free NRAS incentive per year for 10 years
  • $100 positive cash flow per week

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Stanhope Gardens

Townhouse with ducted reverse cycle air-conditioner, built in wardrobes, modern gas kitchen, stainless steel kitchen appliances, security alarm, video intercom, landscaping and low maintenance courtyards, visitor parking. 

  • Purchase price from $499,990
  • Rent including NRAS from $640 per week
  • $9,981 tax free NRAS incentive per year for 10 years
  • $88 positive cash flow per week

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Ebony Apartments, Campbelltown

2 bed apartments with practical layout, quality finishes, air conditioning and built in wardrobes and linen storage. The apartments include a covered outdoor balcony with gas outlet for BBQ. ideal for alfresco dining. Secure lock up basement parking with common area recording security system. 

  • Purchase price from $324,000
  • Rent including NRAS from $496 per week
  • $9,981 tax free NRAS incentive per year for 10 years
  • $140 positive cash flow per week

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Ropes Crossing

All homes are offered complete and ready to move into with spacious bedrooms plus an ensuite and walk in wardrobe in the master bedroom. The home contains two separate living areas that lead onto an al fresco area and compliment the friendly living design. 

  • Purchase price from $513,100
  • Rent including NRAS from $608 per week
  • $9,981 tax free NRAS incentive per year for 10 years
  • $90 positive cash flow per week 

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Rooty Hill

3 bedroom villas with practical layout and quality finishes. They include Caesar stone bench tops and stainless steel appliances.  All villas are provided with air conditioning.

  • Purchase price from $513,100
  • Rent including NRAS from $608 per week
  • $9,981 tax free NRAS incentive per year for 10 years
  • $90 positive cash flow per week