The messaging out of the federal govt sounds like they plan on kicking off more NRAS in one form or another. The Government knows you’re sick or renting First time since 2004 . . . Interested in people's perspectives on any SIMILARITIES between property markets of 2004 and today considering this. Also - if there was a better time to get into NRAS market? Was it better at start in 2004 or later in 2012 Eg. Can anyone share their direct experiences with NRAS scheme?
This isnt NRAS - this is the Govt starting a bond aggregation model . The idea is that they will attract banks and super funds and other investment vehicles, to provide funds to community housing providers to build affordable housing. The later you started in NRAS, the higher the tax credits are....
If you are interested in NRAS.... construction on some NRAS approved townhouses in Goulburn NSW has just commenced. The NRAS expires in June 2026
OR... Dual Occ + NRAS which will generate something in the vicinity of 18-20K CF+ ( subject to your personal tax circumstances ) for the next 6.5 years or so, then revert to market rates as NRAS expires, and generate a miserly 8-10K CF+ .... What could you do with an extra 18-20K per annum, then an extra 8-10K per annum? # first world problems
