NOTTINGHAM SQUARE NRAS APPROVED TOWNHOUSE FOR INVESTORS !!
***Receive $9,524 annually as tax free incentives from the Government***
***Receive an additional $10,000 grant from the Queensland Government on this property under the Building boost program**
PREFER TO LIVE IN THIS APARTMENT YOURSELF?
You still receive the Governments $10,000 building boost!
Nottingham Square with its innovative designs is set to become an idyllic village close to all the day to day essentials. And with a planned recreation facility offering a choice of activities. With a leafy green aspect, mature plants and attractive natural landscaping creating a picturesque relaxing environment, Nottingham Square is a unique community providing a low maintenance lifestyle. Located in the popular suburb of Calamvale & just 6km south of Brisbane’s CBD. This AV Jennings built ‘Burton 160′ double storey townhouse features :
* 3 double bedrooms – main with WIR & Ensuite
* 2.5 Bathrooms
* DLUG with internal access
* Ariston European stainless steel appliances
* Split system air-conditioning
* Kwikset Smart Key security locks
* Blue Scope steel frame
* Mixer tapware
* 3000l water tank
The complex also includes a swimming pool & BBQ Area, planned tennis courts, multi purpose rooms and is close to parklands, great schools, public transport and shopping.
What is the National rental Affordability scheme (NRAS)?
(NRAS) is a long term commitment by the Australian Government to investors prepared to invest in newly buit affordable rental housing & seeks to address the shortage of affordable rental housing by offering tax-free financial incentives to the investor offering affordable rental dwellings. Through this, NRAS will increase the supply of much needed new affordable rental housing.
The financial incentive- currenlty $9524 pa, payable either as a grant or refundable tax offset, is paid annually for up to 10 years. To remain eligible to receive the incentive, known as the NRAS Incentive, the investor must rent their property to low and moderate income households at a rate that is at least 20 per cent below prevailing market rates.
NRAS is not a public housing program; it is a tax incentive to induce more private investment in the lower price range of the residential construction market.
Who will my tenants be?
NRAS tenants tend to be key workers such as
* childcare workers
* nurses
* police officers
* fire-fighters
* paramedics.
Approximately 1.5 million households are currently eligible to rent NRAS properties.
There are minimum and maximum wage thresholds for tenant eligibility.
Investors can pick any tenants for NRAS properties, as long as these tenants do not exceed the income threshold. A government approved tenancy manager can assist with the process of application.
Full details of the NRAS scheme can be found on the governments own website at www.nras.gov.au or by contacting Sharon Richter on 0407 288028. If you’d like to arrange an inspection of this property you need to be quick as it is the last remaining one in the current stage, so don’t delay.
Sustainability declaration available by contacting this office.
* Photos are indicative of the layout of the apartment and not necessarily specific to the apartment you may choose. Due to the changing nature of the product and continual development of the complex, all descriptions, dimensions, plans, photography and other details are given in good faith and believed to be correct but can change without notice. Intending buyers should satisfy themselves by inspection and independent advice or as otherwise necessary. *3 double bedrooms – main with WIR & Ensuite*2.5 Bathrooms*DLUG with internal access*Ariston Eurpean Appliances*3000L Rain water tank*$10,000 Building Grant*NRAS approved – $9524 pa Tax incentives*Airconditioning*Modern. spacious and functional design