Budget Cuts.

imagesAhead of tonights Federal Budget the government has leaked news of cutting the existing NRAS Program. This has been one of the little gems for Sydney property investors particularly using their Self Managed Super Funds to make purchases. The National Rental Affordability Scheme sees developers attach an NRAS allocation to new properties that will be made available to those groups needing social housing at 80% of the market rent. In return the Federal and State Governments pay the property owner an additional $10,000 per annum for 10 years indexed. Continue reading