What is an ‘NRAS’ Property?
NRAS is the ‘National Rental Affordability Scheme’, designed to create more affordable options for qualified renters. It encouraged a limited number of investors to reduce the rent charged by 20%, in exchange for a yearly payment of $11,048 from the government, which more than covers the reduced rental income.
The NRAS scheme has come to an end, which means no new NRAS properties. So finding a quality existing NRAS property to add to your portfolio has become more difficult, but the reward is high because of the increased yield, and low vacancy rates.
We help by sourcing the best NRAS property deals around Australia.
(We can also setup trusts and SMSF entities if you would like to purchase in your super fund.)