Affordability scheme properties now available in Western Australia
Buyers wanting to take advantage of the opportunities offered by the New National Rental Affordability Scheme (NRAS) investment properties can now look at units available in Western Australia specifically, Gosnells, a suburb in southwest Perth.
NRAS is a government initiative that encourages investment in affordable housing by providing tax offsets to investors who let their properties at below market rates. Gosnells is an ideal NRAS investment location. Well serviced by public transport and the Albany Highway, Gosnells also offers the lifestyle benefits of several nearby national parks.
"We've seen a lot of interest from investors in the potential of NRAS property investment in Perth and Western Australia," said Onyx Managing Director Paul Thewlis. "We're pleased to announce that we are now able to offer investors access to NRAS investment properties in southwest Perth." Gosnells, where the investment units are located, is a growing residential area with a population of 100,000 people.
"Investing in NRAS properties in Western Australia makes a lot of sense," said Thewlis. "The population is booming right now, and the state is also facing a looming skills shortage. With high employment and salaries, that's likely to drive a lot of immigration to the state, placing further demand on the rental market."
According to the Real Estate Institute of WA, vacancy rates in the state have remained at 4.5 percent for the past two years although this figure is expected to decrease as the mining industry increases investment encouraging growth and inter-state migration.