- Exciting new property investment opportunity
- $119,833 in tax free grants for investors
- Positive cashflow
- Great tax benefits
- High demand from tenants and low vacancy rates
If you’re thinking about investing in residential property, we strongly suggest you take the time to learn about the National Rental Affordability Scheme before making any purchasing decisions. Many property professionals agree that the National Rental Affordability Scheme (NRAS) is one of the most exciting opportunities they have ever seen.
With $119,833 in tax free grants being offered to investors for each property investment, our clients mostly just wish that they had heard about it earlier.
Established in 2008 by the Federal Government, NRAS provides very generous incentives to property investors in order to stimulate property investment in affordable housing.
Australia’s Housing Shortage
Australia is suffering from a chronic housing shortage, with the National Housing Supply Council estimating in a recent report that there is a shortfall of 254,800 dwellings across the nation.
This gap is predicted to increase to over 640,000 in the next 20 years.
In order to combat this developing crisis, the Federal Government has made hundreds of millions of dollars in grants available to residential property investors in an effort to help supply keep pace with the skyrocketing demand for housing.
While of course this is highly beneficial to tenants, the returns available to investors through this scheme are unlike any other property investment opportunities on the market.
Government Grants, Tax Benefits, and Cashflow Positive Property
In exchange for offering tenants a modest 20% discount on the market rent, the Government provides investors with a tax free payment each year for a 10 year period. The payment for this year is $9,981 and it increases over time as it is indexed to inflation.
This means that for many investors their NRAS property will actually be cashflow positive. While most investment properties cost their owners money on an ongoing basis, positive cashflow NRAS properties provide investors with an income stream from the start, as well as undergoing the same capital growth as regular investment properties.
NRAS property investment also offers investors other advantages. The discounted rent not only provides great tax benefits through negative gearing, it also means that NRAS properties are hugely popular with tenants.
As result investors don’t need to worry about their property being vacant and costing them money. While tenants do face some income restrictions, it is estimated that more than 1.5 million Australian households are eligible to rent NRAS properties.
Purchasing an NRAS property through Onyx will allow you to:
- access a direct residential property investment in a highly sought after location;
- reduce your tax burden through negative gearing;
- earn over $110,000 in tax free income from government incentives for every property purchased;
- potentially enjoy positive cashflow from day one;
- access finance strategy advice to help you purchase the property using little or none of your own money;
- be supported by a cohesive, experienced team of mortgage managers, conveyancers, and property managers;
- make a socially responsible investment that benefits valuable members of our community;
- enjoy increased equity as the property grows in value;
- build your property portfolio.
Find out all the details from Onyx
NRAS property is a truly unique investment which offers investors both lucrative returns and low levels of risk.
At Onyx, we aim to maintain the most extensive resource of NRAS information available on the internet. We provide you with all the information you need to make an informed decision about whether NRAS is the right investment opportunity for you, including links to the relevant government and tax office websites.
Please take your time to browse through the information available on this site. If you have a question that isn’t answered here, please call us on 1300 1400 15. We also regularly run NRAS workshops so if you would like to have your questions answered face to face, please register your interest on our contact page.
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