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Round 5 nras Applications open to developers to apply for for the remaining 10,000 NRAS incentives, on May 7th. PM me if you'd like to have your development considered

Hi. There's nothing "legal" thats required. It's just a matter of demonstrating that you qualify to be a tenant based on income. In Queensland, the State Govt maintains a list of people who apply for NRAS eligibility. It's purely income driven. Tenants wishing to become eligible just need...

Solid yes- especially at those rates. Cant get those rates from ANZ though, and this model is most definitely NOT on the STG approved list Im afraid. By the way the STG rate is now 5.49%- even sharper!

If it isnt on Genworth LMI's approved list, and if the lender (ANZ or any other NRAS lender) cant clearly outline that the consortium is on its particular approved list, I don't see how it gets past the credit department? The BDM, or the call centre person may tell you it will, but when...

The problem there is the consortium - not approved by any lender or Genworth LMI. To get a loan, an investor would need to commit fraud by not disclosing NRAS to the lender. These smaller consortiums need to form JV's with the big guys who are approved by the lenders, or they'll just continue...

I think we've come a long way in 12 months, so i would expect to see more lenders opening up to NRAS in coming months. There were only 2 or 3 lenders a year go. Now there are a dozen. Genworth is OK with NRAS. QBE are taking a look as we speak. SMSF with NRAS is a more difficult beast. The...

You're really not. I guess it's just very hard for most people to think laterally or differently. And I can understand why, to be fair. After 20 years of people seeing a negative gearing/cap growth strategy make them or other generations wealthy through property, and after 20 years of peoples...

This is why I love the 2 bedders around the 320-350K mark. They offer 6-7K CF+ and allow you to stay in metro areas. Some exceptions of course, like dual occupancies where you can get 15-16K CF+, but they're kinda rare. 6-7K CF+ should be more than enough to create some fantastic debt...

IF you buy an apple property and IF you don't pay more than it's worth then I also struggle to see why you wouldn't load up? Spot on. And this is the core of the debate. If you can buy at a market price and generate 5-6K CF+ and use that to get compound returns by paying down a 6% PPOR...

Hmmm.. Once again, a misconception about areas where these properties are located. There's this continuing underlying inference across many threads that NRAS is all in low income areas and will be tenanted by pensioners and druggies. Just not true. While most of the stock is in middle ring...

But hold on a everyone- there are at least 7 lenders where you can get 90% plus LMI for NRAS. Westpac, STG, rams, BankSA , BOQ, Members Equity and Adelaide Bank. So if LVR is perceived to be a problem...I just solved it for you :)

It's not about just the 2.5K. Its about the compound benefits of the 2.5K when redeployed onto non deductible debt. An extra 25K paid off your PPOR over 10 years saves you far more than just the 25K.

well you all know that I always do modeling for NRAS on an assumption of limited or no capital growth, because it is hypothetical at best and no one can predict future performance. :) The cash flow analysis can however be predicted with reasonable accuracy because rental income, purchase...

300K loan at 6% equals 18K Interest Only repayments Holding Costs - allow for 6K ( 10% property management, rates, insurances, 10% NRAS compliance fee , rates etc) Total cost to own the property = 24K rental Income 180 per week ( i assume this is the discounted NRAS rent?) = $9360 per...