International Property Investment » property investors australia http://internationalpropertyinvestment.com Property Investment around the World - Buying Investment Properties Wed, 10 Mar 2010 12:12:40 +0000 en hourly 1 admin admin International Property Investment Blog No No Rent Scheme – Benefits Tenants and Investors? http://internationalpropertyinvestment.com/rent-scheme-benefits-tenants-and-investors http://internationalpropertyinvestment.com/rent-scheme-benefits-tenants-and-investors#comments Mon, 23 Mar 2009 17:00:30 +0000 Elisabeth Sowerbutts
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http://internationalpropertyinvestment.com/?p=2158 The National Rental Affordability Scheme (NRAS) is set to help out some property investors in Australia as well as those who struggle to afford rental properties.

In an attempt to make renting more affordable for lower income earners the NRAS scheme gives tax free bonuses to investors who agree to rent out their property at 20% below market rent. The “market rent” is evaluated by independent valuers when the property is completed and every three years there after. It appears that the property has to be a new one to. Which is pretty silly when you think of it – aren’t they by definition the highest cost properties: wouldn’t a renter choose a new rental over the “second hand one” down the street if the price was equal anyway?

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