What is all this fuss about NRAS?
There’s been a lot of talk lately about the National Rental Affordability Scheme, with professionals all over the country coming out against the NRAS and others later in its defence. It all started with the following post by Todd Hunter, a Sydney-based buyer’s agent.
I’d rather stick a fork in my eye than buy NRAS: Todd Hunter
I am often asked if I would buy an NRAS property. I can honestly say, I would rather stick a fork in my eye rather than buy an NRAS property.
As a professional investor I would never consider a property simply because you receive some extra tax benefits.
For those of you saying “what is an NRAS property?” let me quickly explain. It’s the National Rental Affordability Scheme. If the name alone doesn’t make you run, then the word “scheme” surely should.