NRAS Price difference.

Discussion in 'NRAS & NDIS SDA' started by Robbo03, 16th Nov, 2016.

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  1. Robbo03

    Robbo03 Well-Known Member

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    I own a duel occ in Brisbane, (3 bed 2 bath, and 2 bed 1 bath), and have recently seen a similar property that has sold close by for ~$50k more than what other comparable sales have been. The major difference is this property gets 2 x NRAS benefits.

    Is it 'standard' for NRAS to achieve an increased price due to the NRAS benefits or is it likely that this purchaser has paid above market value?
     
  2. D.T.

    D.T. Specialist Property Manager Business Member

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    Things (properties, businesses, etc) are quite often valued based on the income they achieve.

    If they're going to get 40k a year out of it (20K x 2 x 10 years?) then maybe that's worth some money to someone.

    Other option is that NRAS is overpriced, which is very common.
     
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  3. Yson

    Yson Well-Known Member

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    What is NRSA?
     
  4. Tony Fleming

    Tony Fleming Well-Known Member

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    @euro73
     
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  5. euro73

    euro73 Well-Known Member Business Member

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    The only time I would countenance paying "overs" for an NRAS approved dwelling, is where it generates a double NRAS return. The numbers on these properties are typically in the vicinity of @25K CF+ per annum tax free.... or better. There are economies of scale with 2 on 1 title... they typically generate CF+ results equal to @2.5X a single NRAS
     
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  6. euro73

    euro73 Well-Known Member Business Member

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    NRAS.

    /en rass/

    noun acronym
    1. National Rental Affordability Scheme
     
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  7. Yson

    Yson Well-Known Member

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    How do u know if the property is NRSA?
     
  8. euro73

    euro73 Well-Known Member Business Member

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    It's like the time that guy with dyslexia went to the toga party dressed as a goat..... :)
     
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  9. Wall Street

    Wall Street Well-Known Member

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    @euro73 I think you just won the internet :)
     
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  10. Colin Rice

    Colin Rice Mortgage Broker Business Member

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    I am literally lolling right now. To funny!
     
  11. Colin Rice

    Colin Rice Mortgage Broker Business Member

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    @Yson are you sure you dont mean NASA?
     
  12. Yson

    Yson Well-Known Member

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  13. euro73

    euro73 Well-Known Member Business Member

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    All good Yson. NRAS is what you meant ... You can contact me for any questions you have.