At this address is a house located in 183/SP216344 Kelso QLD. It has an approximate value of $300,000. The local government is Townsville City, it has 4 bedrooms, 2 bathrooms.
NRAS IN TOWNSVILLE NOW...get on this one quick. NRAS investmentRe-sale of an existing NRAS approved property in one of the fastest growing regional communities in Australia, Townsville. River Parks Edge is a major master-planned development in which families can enjoy contemporary living at its very best.This beautiful property consists of:- Four good sized bedrooms with built ins and WIR in main- Two bathrooms- Open plan kitchen and dining- Separate living area- Fully air conditioned- Fully fenced yardExisting tenancy in place returning $324 per week, and approximately 8 years of NRAS incentives remaining.Contact the agent today for more information on this property.About NRASThe National Rental Affordability Scheme is an Australian Government commitment to invest in affordable rental housing. The scheme addresses the shortage of affordable rental housing by offering tax-free financial incentives to investors, so that the dwellings can be rented to low and moderate-income households at below current market rates for a period of 10 years. The aim is to: Increase the supply of new affordable rental housing. Reduce rental costs for low and moderate, income households. Encourage large-scale investment and innovative management of affordable housing.Many Australian families have been seriously impacted with the growing cost of housing and rents considerably increasing over the last few years. The Government havs committed to stimulate the supply of up to 35,000 new affordable rental dwellings in Australia by the 2014/2015 financial year, with a further 15,000 thereafter.Who benefits from NRAS?NRAS is not a public housing scheme or welfare program, it is a tax-free incentive to induce more private investment in affordable housing; the sector between social housing and full priced private rental accommodation.The dwellings are rented to eligible, low and moderate-income households that earn less than a prescribed amount. Currently, a single person can earn up to $44,128 per annum, increasing to $104,913 per annum for a couple with three children. The scheme allows for tenant salary increases of 25 per cent. With this allowance a single person can earn up to $55,160 and this family could earn up to $131,141 for 2 years before they become ineligible for the discounted rent. For further details refer to www.environment.gov.au.Approximately 1.5 million households are eligible to rent NRAS properties.As well as increasing the supply of affordable housing in Australia, it is also a tax-free, profitable investment for participants. To comply with the government requirement, the investor reduces the rent by 20% below the market rental value to qualifying individuals and families, in return for significant tax-free credits, per dwelling, per year for 10 years. The annual incentive is tax-free, indexed annually to the rental component of the Consumer Price Index (CPI), and complimented by existing taxation arrangements.The incentive is currently $9,981 per annum, a minimum of $100,000+ over 10 years and comprises: A Federal Government contribution of $7,486 per dwelling, per year as a refundable tax offset payment, available in July. Not-for-profit organizations, such as, Ethan Affordable Housing is endorsed as a charity by the Australian Taxation Office so the investor can choose to receive the incentive as a cash payment. A State or Territory contribution of $2,495 per dwelling, per year in a cash payment, available in September.Australian Taxation OfficeNRAS presents a profitable investment opportunity for investors while also increasing the supply of affordable housing in Australia.Benefits of investing in a NRAS investment property An annual tax-free incentive that is indexed annually for 10 years. The NRAS incentive is not available to standard residential property investors. Socially responsible investing providing affordable rental housing for qualifying key workers, such as, childcare workers, teachers, police officers, fire-fighters, nurses and paramedics. Increased income. A positive cash flow investment property. Potential investment earnings from the growth in the property value. Reducing your tax burden through potential negative gearing benefits and positive cash flow at the same time. Possibly increase the negative gearing benefit by applying expenses and non-cash deductions and allowances against a lower assessable rental income as the property is rented at 80% of the current market rate. Tax deductions on interest payments. Tax deductions on property depreciation. A choice of properties throughout Australia from various developers. Ownership of a newly built dwelling. 'Turn Key' inclusions so the dwelling is ready to be tenanted on completion Possible reduced vacancy rates over the 10 years due to the dwellings rented at 2