What is NRAS

The National Rental Affordability Scheme is a joint Federal and State Government initiative to encourage investors to construct new rental accommodation. The two Governments pay you $9,524 TAX FREE each year, increasing every year by CPI as long as you comply with the Scheme requirements. The Scheme lasts for TEN YEARS from the date your property is ready for rental.

 You can only access this scheme by purchasing a property from an approved NRAS provider who has been granted an allocation of homes. In other words you cannot simply purchase a home and ask the Government to give you the NRAS Subsidy. We have researched the stock currently available from approved NRAS providers across the country to ensure we only offer stock where we have inspected the development site and reviewed the developer’s history in the industry. If we don’t think the property meets normal property investment criteria (such as value for money, well located, quality finishes etc) then we won’t offer it to you.

If you purchase an NRAS approved house or villa it will usually be sold as a house and land package, where you settle on the land and enter into a building contract for the home. This will always be a turn-key contract where the home is delivered to you ready to rent. If you purchase an apartment, it will usually be sold off-plan and delivered to you in 18 months to two years. In this case you will pay a 10% deposit and the balance on completion.