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Invest in QLD property with the experts
Buy Investment Property provides thorough expertise when it comes to buying investment properties throughout QLD. Our team of industry professionals know investment property, and can expertly advise you on all facets of the buying process. From sourcing and analysing to negotiating and managing, we are the ones to trust when looking to invest in QLD property.
Buy investment property in QLD
What sets us apart from the rest is our intricate knowledge of the QLD property market, generated through years of combined industry experience and expertise. When you consult with one of our team you can be sure that you are dealing with an absolute industry professional that will guide, advise and inform you on the best way to handle QLD property investments.
NRAS QLD – National Rental Affordability Scheme Investment Properties
NRAS or the National Rental Affordability Scheme provides investors with a unique opportunity. By providing affordable housing in QLD, under NRAS, investors are subsidised by the government. The National Rental Affordability Scheme is tax free and reduces the risk of vacancies. Buy Investment Property can guide you through the ins and outs of purchasing NRAS properties in QLD.
Don’t rely on any other company to work with you on investment properties in QLD or NRAS investment properties in QLD – contact us today by filling in our online enquiry form, or calling (03) 9510 6203.
National Rental Affordability Scheme QLD
The National Rental Affordability Scheme (NRAS) is a long term commitment by the Australian Government to invest in affordable rental housing in QLD.
The Scheme seeks to address the shortage of affordable rental housing in QLD by offering financial incentives to the business sector and community organisations to build and rent dwellings to low and moderate income households at a rate that is at least 20 per cent below the prevailing market rates. NRAS aims to:
increase the supply of new affordable rental housing in QLD;
reduce rental costs for low and moderate income households; and
encourage large scale investment and innovative delivery of affordable housing in QLD.
The Australian Government is committed to stimulate the construction of 50,000 high quality homes and apartments in QLD, providing affordable private rental properties for Australians and their families.
The National Rental Affordability Scheme (NRAS) is an Australian Government initiative to stimulate the supply of 50,000 new affordable rental dwellings across states such as QLD. Successful NRAS applicants are eligible to receive a National Rental Incentive for each approved dwelling where they are rented to eligible low and moderate income households at a rate that is at least 20 per cent below the prevailing market rate.
Potential investors in property investment vehicles involving the NRAS should note that the allocation or reserved allocation of National Rental Incentives does not constitute Government endorsement of the development proposal as a property investment opportunity.
Governments, the business sector and community organisations recognise that housing affordability is an issue of significant community concern. The growing cost of housing is having a serious impact on the ability of many Australians to meet their financial commitments.
Under NRAS, the Australian Government is providing Incentives to:
increase the supply of affordable rental dwellings in QLD;
reduce rental costs for low to moderate income households; and
encourage large scale investment and innovative delivery of affordable housing.
The Scheme offers annual Incentives for ten years. The two key elements of the Incentive are:
A Commonwealth Government Incentive currently of $7,143 per dwelling per year as a refundable tax offset or payment; and A State or Territory Government Incentive currently of $2,381 per dwelling per year in direct or in kind financial support.
NRAS is designed to pool significant resources from a range of participants including financial institutions,
non-profit organisations and developers which, when combined with the Incentives from the Scheme, will increase the supply of lower-rent housing. These resources could include loans; equity investments; capital grants by Commonwealth, State and Territory or Local Governments; donations by charities; free or discounted land by churches; or contributions by developers in accordance with planning requirements.
The tenant eligibility criteria ensure the Scheme is open to a range of household types on low and moderate incomes in QLD.
Implementation & administration of NRAS
The Department of Sustainability, Environment, Water, Population and Communities (SEWPaC) is responsible for the management of NRAS, in consultation with the Australian Taxation Office. The Commonwealth is working with State and Territory Governments, investors and not-for-profit housing providers in the ongoing management of NRAS, which commenced on 1 July 2008.