What is NRAS?

The National Rental Affordability Scheme (NRAS) is a government initiative that aims to provide affordable housing to low income earners.

Under the scheme, investors are urged to buy a NRAS approved dwelling and agree to rent the property out at 20% below market value.

As an incentive, the government offers investors either a grant or a tax exemption for a period of up to 10 years.

What is the current incentive amount?

Investors currently under the scheme receive a tax incentive of up to $9,524 for each house under the NRAS, making it an attractive arrangement!

If you are thinking of investing in an NRAS approved property, please call us on 1300 885 102 or enquire online and we can assist you in obtaining finance to fund the purchase.

How does NRAS work?

Generally, investors will purchase an NRAS approved dwelling from a consortium and then undertake the NRAS agreement.

The investor is then bound by the agreement and it’s terms for up to 10 years, in which they will continue to receive the tax exemptions.

When the agreement ends, the investor is free to on-sell the property or rent it out at market value. If the investor wishes to terminate the agreement will incur a penalty.

However, those who sell their property within the 10 year period may do so if the investor that they sell to agrees to continue with their obligations under the NRAS agreement.

Speak to us about an NRAS mortgage today!

Contact us on 1300 885 102 or enquire online to find out how you can get a loan for an NRAS property today.