NRAS 4 SA
Do you want the Government to pay you $9,524 per year for 10 years?The Government's National Rental Affordability Scheme (NRAS) offers significant tax free incentives to those who build and rent homes to low to moderate households. NRAS is a long term commitment by the Australian Government to invest in affordable rental housing. NRAS is not a public housing program; it is a tax incentive to induce more private investment in the lower price range of the residential construction market. [Source: Australian Government website] With NRAS you now pay very little for an investment property with the Government paying you $9,524 per year for 10 years. The NRAS Circle Explained
The Federal and State Government tax free incentives ($10,000 per year for 10 years*) now replaces "YOU" in the circle of people and assists in paying off your investment loan. Although you own the property, the tenant, the taxman and the Federal and State Governments (through NRAS) will now be contributing towards your out of pocket costs for the first 10 years.
* Disclaimer: This does not take into account your personal situation. This diagram is for illustration purposes only.
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