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NRAS incentives

Discussion in 'Development' started by euro73, 7th Feb, 2016.

  1. euro73

    euro73 Well-Known Member Business Member

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    For those who may be interested - there are a number of NRAS incentives which have been activated already but are no longer being used, and can be substituted onto like for like dwellings. This means the remaining portion of the 10 year incentive eligibility can be transferred to another dwelling . The only non negotiable criteria are;
    Must be a like for like dwelling , located in the same state, and must be new and never tenanted before. ie 4 bed house incentive must move to a new, never tenanted 4 bed house in the same state.

    In NSW, NRAS incentives are available to transfer to brand new, never tenanted 4 Bedroom Houses and brand new, never tenanted 2 Bedroom Apartments.

    In QLD, NRAS incentives are available to transfer to brand new , never tenanted 4 bedroom houses, 3 bed houses, 3 bed townhouses and 2 bed townhouses

    In VIC, NRAS incentives are available to transfer to 1 bedroom apartments

    Each of the incentives has already been activated, so a portion of the 10 year eligibility has already been used. In some cases, there is 5 years remaining. In other cases, there is 8.5 years remaining.
     
  2. D.T.

    D.T. Adelaide Property Manager Business Member

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    Any in Adelaide, I have a newly constructed place never been lived in?
     
  3. euro73

    euro73 Well-Known Member Business Member

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    Not at the moment... I will make some enquiries
     
  4. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide Business Member

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  5. euro73

    euro73 Well-Known Member Business Member

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    Yes...possibly...PM me
     
  6. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    WA? Wasn't I on the list for any that came up?
     
  7. euro73

    euro73 Well-Known Member Business Member

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    Ya... the very top of the list... for a particular dwelling size :)
     
  8. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    Cool - I'm as flexible as an olympic gymnast as I have 1, 2, 3 and 4 bedders coming through the pipeline this year.
     
  9. Cactus

    Cactus Well-Known Member

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    Please let me know if any 3 or 4 bedders in Vic.
     
  10. Leo2413

    Leo2413 Well-Known Member Premium Member

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    Does this include 4bedroom duplexes on seperate titles?

    Thanks
     
  11. euro73

    euro73 Well-Known Member Business Member

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    The regulations are not clear on this... I'd say you have a better than 50/50 shot
     
  12. Leo2413

    Leo2413 Well-Known Member Premium Member

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    @euro73 is that a response to my post mate?
     
  13. euro73

    euro73 Well-Known Member Business Member

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    Have PM'd you... and responded to the couple of dozen other PM's I received overnight RE NRAS incentives for dwellings.
     
  14. Leo2413

    Leo2413 Well-Known Member Premium Member

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    Thanks mate! woah... a couple other dozen...
     
  15. Cactus

    Cactus Well-Known Member

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    @euro73 All your posts must be starting to sink in. Albeit a little late.
     
    Westminster and Leo2413 like this.
  16. euro73

    euro73 Well-Known Member Business Member

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    teetotal likes this.
  17. euro73

    euro73 Well-Known Member Business Member

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    Well to be fair there are many , many forum members who have embraced NRAS as a sensible addition to their portfolio across the past 2-3 years .... and there are still a very limited # of opportunities available for others who see the merits of the debt reduction NRAS cash flow can generate, especially now we have had 6-7 months in the post APRA environment to see that growth only strategies are definitely being stunted /slowed by the regulatory speed limits on investment lending.
     
  18. euro73

    euro73 Well-Known Member Business Member

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    Any final requests for WA?? I have been fortunate enough to find @ 12 townhouse allocations with @ 8.5 years remaining, and 11 house allocations ( all 3 bedders) with @ 4.5 years remaining.

    I need plans, drawings, DA, photo's and construction schedule with estimated completion date please...
     
  19. MM65

    MM65 Member

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    Great post Euro73.
    Could you PM me, if there is anything available for 2BR townhouses in Melbourne. Thanks
     
  20. Cactus

    Cactus Well-Known Member

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    Me too for:
    3 Bed units in Melb
    4 Bed Houses in Melb