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Update Popping back in to give an update. Just over a year since our tenant (my sister) moved in. Everything is going fine, no different to a regular rental property in how its running. We just did the first market rental review and raised rent 7%. The first year gov payments were slower...

Just wanted to say a HUGE thanks for all the info. We found an almost complete unit in Armadale that came back on the market. We should be getting a net $7500 pa this year (around 7% if I did the sums right). Hoping to settle by Sept 1st in time for pre-approved NRAS tenant moving in on the 7th...

I am sorry if I seem dense. If one buys off the plan stamp duty is paid on land but what about the building after? Also I've noticed that market rent in the WA properties I've looked are very low. EG Baldivis a 3x2 estimated market rent $300 is way too low for a brand new property...

You're right about lack of choice over here in WA. Last night I went to see an open for viewing for prospective tenants at one of the NRAS 3x2 villas in Armadale. There was a lot of people filling out applications and the agent tells me they have zero vacancies and a waiting list for NRAS...

WOW thanks for all the great info. So far the only one I have found is shortage of properties to choose from in Perth. I know I need to get over that desire to invest locally, eventually.

Just trying to get a clearer picture on the NRAS. Is it true that one could claim the full rebate no matter what the purchase price or rental income is? NRAS approved properties should be priced the same as non NRAS properties? Are there additional fees such as "consortium fees" that...