background image
44
whether all the issued entitlements to date
will be delivered as per the guidelines set out
by the Government.
Our sources indicate that funding for
the Round 5 allocation has been put in place
and the push is on to get the application
process pushed through. Given the looming
federal election process is in full swing and
a Caretaker Government steps into the seat
on 31 July 2013, this NRAS Round 5 offer is
a monumental task. Many doubters believe
there is not enough time to complete the
call, review and grant the entitlements.
Time will tell.
MEETING THE NEED
From a property industry viewpoint, we need
the entitlements in the market, as it is a
significant stimulus for development activity.
The Australian rental market needs it, as we
continue to fall behind the housing starts
required to claw back the growing shortage
of affordable housing. And the Federal and
State governments need it ­ anything short
of a successful NRAS delivery will be either
another nail in the coffin for the outgoing
government or another early broken promise
for any new incoming government.
NRAS is a sound housing initiative. It is
good for the real-estate economy at various
levels and deserves a big tick at the consumer
level as well. The scheme stimulates
development and building, supports the
affordable rental market and provides
solid and attractive investment options for
investors, particularly in the superannuation
and planning for retirement sector.
If September 2013 brings Australia a
change of government, one can only hope
that Tony Abbott will take this Howard
NRAS idea and continue with it, bringing
further stimulus to the property sector.
WORTH YOUR CONSIDERATION
NRAS can bring numerous benefits to your project or investment portfolio.
You should consider NRAS investment properties if you are:
· Interested in residential property investment.
· Looking to expand your property investment portfolio.
· Considering residential property in your superannuation plan's Self Managed
Super Fund options.
· A developer of residential property, student housing or Independent Living Units.
FREQUENTLY ASKED QUESTIONS
Q. Can I own several NRAS Approved Properties and receive the tax incentive
on all of them?
A. Yes, you can own as many as you like and take advantage of multiple incentives.
Q. Can I sell my NRAS Approved Property?
A. Yes, you can sell your property at any time and the incoming purchaser will be able
to participate in the scheme if they wish.
Q. How do I invest in an NRAS Approved Property?
A. Obtain your own independent financial investment advice. At McKenzie Consulting,
we recommend that you deal with pre-approved NRAS Facilitation Companies.
For more information please call us directly on 0411 176 449.
PROPERTY