Government Funded Return on Investment NRAS Scheme Unit The National Rental Affordability Scheme (NRAS or the Scheme) is a partnership between the Australian Government and the States and Territories to invest in affordable rental housing.The Scheme, which commenced in 2008, seeks to address the shortage of affordable rental housing by offering financial incentives to persons or entities such as the business sector and community organisations to build and rent dwellings to low and moderate income households at a rate that is at least 20 per cent below the market value rent. The national rental affordability scheme (NRAS) has been introduced to fund a shortage of rental properties The Government will pay the owners, in the current 2014-2015 NRAS year $10,661 which is made up of an Australian Government Contribution of $7996 and a WA Government Contribution of $2665.00 per year for 10 years (indexed to rental increases). There are currently 9 years left on this property. (The NRAS Incentive is indexed according to movements in the Rents component of the Housing Group Consumer Price Index for the year, December quarter to December quarter as at 1 March, using the weighted average rate of eight capital cities housing component, and is effective from 1 May) The tenant will pay the owners market rent less 20% (currently $192.00 per week less 20% = $160.00 per week making it $8320 per year) The property is virtually brand new so there will be a depreciation schedule plus your normal tax benefits Being a new property the maintenance should be very low Invest in the security of bricks and mortar!This particular unit is part of an 18 unit development located in Eaton Avenue in Mt Barker and has 2 bedrooms, 1 bathroom, quality fixtures and fittings including Granite kitchen and bathroom benchtops, gloss cupboards to kitchen, bathroom and modern stainless steel appliances.Low maintenance materials are used throughout such as durable exterior cladding, ceramic floor tiles to living areas, low maintenance native landscaping, split system reverse cycle air conditioner, 6 star energy rating and storage shed.It is part of a strata plan and all NRAS properties have to be managed by an NRAS approved agency of which Connection Realty is the only one in the Great Southern.In summary your benefits include NRAS benefit of $10,661 plus rent of $8320 (thats $18, 981.00) less your outgoings. This gives and approx.. 7.6% ROI!Call Steve today on 0400 993 879 for more information.