Why Choose To Follow The NRAS Scheme

October 24, 2016 at 11:42 am by Alberto Ordonez | Posted in

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Housing has always proved a challenging area of investment. Although there are quite a lot of available housing on the market today it is quite evident that with the rise and fall of the economy, that the cost of living as a whole, is rising as well. This has presented those in the real estate industry with much more than just an opportunity to expand in that area.

However when looking at this from the renters point of view, you will soon notice that although there may seem to be adequate housing available, it does not seem to fall within the affordable amount of most of the low income earners in a particular area today. Even though most of the governments have marked this as an incessant problem, it will not be fair if they ask all those in the real estate and leasing and renting industry to lower their rates especially when there is a market for housing at that cost. The NRAS property scheme was set up in order to especially cater to those who are faced with an issue of finding housing that will suit not only their requirements but also suit the budget that they have set aside towards this cause

This NRAS property scheme will generally give home investors or those looking to construct houses for the sake of renting the residence with buyers agents out to individuals that need it at a concessionary rate. For instance if an individual generates an income or some sort of profit out of any kind of business, they are required to pay a percentage tax. If home owners agree to drop the rate at which they are renting out the premises, they will receive a percentage concessionary tax which will allow them to gain more at the end of the given period.

The government will offer up a tax concession or a tax reduction for all those who agree to dropping their rent rates to house to accommodate the needs of the moderate and low income owners. By providing more of this kind of affordable property management services in Melbourne, the government will be able to make sure that all of the current needs and demands of the general public are met according to their level of remuneration; while adding on and encouraging investors to use their finances in the area of real estate. Through this you will not only be able to successfully keep the value of land and property moving on a steady increase but will also allow individuals of all income levels and from all walks of life, move forward and will also help the government to successfully improve the general standard of living of all those in the country.