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NRAS - is it worth the effort?
The National Rental Affordability Scheme is now up to Round 3, announced recently. Past successful applicants have included a number of community housing providers. But is it worth the effort?
The recent government announcement suggested that many of the Round 2 responses did not satisfy the minimum requirements (http://www.fahcsia.gov.au/sa/housing/progserv/affordability/nras/Pages/d...). What does this mean?
Is the sector inherently unable to meet the requirements or that there was insufficient notice to prepare an appropriate response? Has the government got it right?
What do you think? Have your say.
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NFP Consulting Group Pty Limited
www.nfpconsulting.com.au
NFP Consulting Group Pty Limited ACN 135 340 117
PO Box 1375 Parramatta NSW 2124
Telephone: 02 8865 8800 :: Facsimile: 02 9687 8883
www.nfpconsulting.com.au
I believe that the National
I believe that the National Rental Affordability Scheme is a win win situation. Both for the investor and again for the tenant (with weekly rentals less than 20% of the current market). I did however found it difficult to find information about the NRAS scheme. But I have sinced found a great reffernece site that if you were thinking of investing in this scheme, it is worth checking out.
www.NRASScheme.com.au
BY the way the investor gets the NRAS rent (20% below current market) + $167 per week (TAX FREE). It is one of the best cahs flow positive properties that I have found.
Paul Bartova
The strategic intent of NRAS3
The strategic intent of NRAS3 is quite different from NRAS 1 and 2 and the number of properties required - 1000 - to enter the Round 3 application process puts this out of the scope of many developers.
The exception to this is those who enter into a consortium with Financial Services organisations or Community Housing providers.
Ian McHugh
NFP Consulting Group Pty Limited
www.nfpconsulting.com.au