Questus Properties ...
Discover a unique NRAS solution for your employee accommodation in the NW
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Check out the NRAS Q&A
The National Rental Affordability Scheme (NRAS)
A Federal Government initiative to encourage the construction of new housing in Australia
NRAS is a long term commitment by the Australian Government to invest in affordable rental housing. The Scheme seeks to address the shortage of affordable rental housing by offering financial incentives to build and rent dwellings to low and moderate income households at least 20% below market rates for ten years.
The primary focus of NRAS is to:
- increase the supply of affordable rental dwellings;
- reduce rental costs for low to moderate income households; and
- encourage large scale investment and delivery of affordable housing.
HOW IT WORKS
Investors agree to rent an Approved NRAS Property to an Eligible Tenant at least 20% below the market rate for a period of 10 years or 40% for certain approved properties in the Western Australian North West.
HOW YOU BENEFIT
The Federal and State Government will contribute tax free incentives, available each year for 10 years, to owners of Approved NRAS Properties. The Government Incentives for the 2013/2014 NRAS year are $10,350.
SECURITY OF REAL PROPERTY
Your Approved NRAS Property may be a house and land package or a completed apartment or townhouse not previously resided in. Questus have approved NRAS properties available for sale and participation in the Questus Residential Investment Fund.
INCREASE IN VALUE OF PROPERTY
The value of many asset classes and investments may fluctuate over time. Investments in direct property have generally showed consistent returns and have demonstrated to be less volatile than other asset classes and investments such as listed equities. As your underlying investment is direct real property, you will benefit in any capital growth.
NO PROPERTY MANAGEMENT HASSLES
There is no need for you to worry about rent collection or tenancy management, as Questus will appoint an approved Property and Tenancy Manager in order to maintain compliance with NRAS.
OTHER TAXATION BENEFITS
All property investments offer certain tax related benefits such as depreciation. By owning an Approved NRAS Property directly, all the taxation benefits and deductions are available to you. A significant taxation benefit of an Approved NRAS Property is that the Government Incentives are a refundable tax offset and non assessable non exempt income, that is; "they are tax free." You should seek your own independent tax advice to find out what tax benefits are available to you.
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