The National Rental Affordability Scheme, usually known simply as NRAS was started in 2008. The NRAS scheme enables a new type of investment property; which is approved by the government for rental to qualifying low or moderate income families for a lower priced rent. The property is owned completely freehold by the investor who will receive 10 years’ worth of grants from the NRAS scheme and significant annual tax credits. The objective of NRAS is to bring about 50,000 extra rental homes over 4 years throughout Australia. It is estimated by the Government that more than 1.5 million households could qualify for tenancies under this NRAS program, giving the property investors fairly good confidence that their property will be occupied for most of the time.
Qualifying properties range from new houses to new apartments which are situated all over Brisbane and Queensland. Every property must be built to the highest standards including landscaping and driveways making them available for immediate occupation. These properties are built to a defined standard and as such are a sound longer term investment.
The Queensland Affordable Housing Consortium (QAHC) is a recognized tax concession charity as well as a non-profit making company limited by guarantee. Its purpose is to bring together;
to construct and manage new affordable housing for rent under the scheme including NRAS Brisbane.
The Queensland Affordable Housing Consortium can be located at; http://www.qahc.asn.au/
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