NRAS, or the ‘National Rental Affordability Scheme,’ is a government plan which has come into force due to the appreciation of land and the keenness of the government to encourage property investment. This plan essentially seeks to address the nationwide dearth of affordable housing, but tapping into the investing potential in the property market.
Through this scheme, the Australian government offers a tax free payment to investors who can make property investments and increase the number of affordable rental housing options. The increased supply of affordable rental accommodation can help meet the demand of housing throughout the country. However, NRAS should not be confused with any other housing scheme.
The NRAS act is a relatively new one, and was introduced first in the year 2008, when the shortage of affordable housing was first felt in Australia. Park Trent, one of the leaders in real estate consultancy and research services has been closely following the developments in the act and can help its clients reap the benefits from it.
The NRAS model can greatly help in increasing income prospects for those who want to invest in property. Apart from the rental value and the high return on investment, ParkTrent group also helps its clients benefit from this government scheme by researching the properties that could attract the NRAS scheme. Since the Australian government has already committed to this scheme for 10 years, there is a surety that you will continue to receive the benefits of this scheme.
Since the implementation of the act in July 2008, Park Trent has closely followed this scheme and has tried to understand the various nuances of it. ParkTrent properties group has also seen the implementation of NRAS and has been able to advice many a clients on benefitting from this scheme.
Since the year 2008, there have been more than 2000 incentives that have been paid to investors for improving the affordable housing scenario in Australia by investing in selected properties. Experienced and seasoned professionals, such as those from ParkTrent Properties GoldCoast, can help you find out the properties which have been made available under this scheme. These preapproved properties have eligibility criteria, which can be shared with you by the ParkTrent associates.
Though till now, only about 2000 such properties have been made available, in the span of the next two years, by the end of 2012, about 50,000 more such properties will be made available. To find out about such properties, understand the available finances for investing in such properties, and finally making use of the scheme, Park Trent Properties can help you.
Depending on the property that you have invested in and the eligibility criteria, professionals from ParkTrent Group will be able to advise you on the exact benefits of NRAS as an investment option.