Property Investment Law & the NRAS Scheme

The NRAS scheme has been around for a couple of years in Australia, and can be extremely useful in the way of tax breaks for Australians (this is scheme is legal and we actually encourage our clients to look into it), who are looking for a good investment property.

What is NRAS? (National rental affordability scheme)

NRAS stands for the National Rental Affordability Scheme. It is an initiative set up by the Australian Federal Government, providing tax free cash incentives which are indexed annually for 10 years to certain residential property investors. You can see a list of NRAS properties for sale on this website.

How much are the cash incentives?

The cash incentives for NRAS are currently set at $10,350. The annual incentives provided by NRAS help people or entities to build and rent new homes for and to lower income households at rates that are always at least 20 per cent below the market value rent. It is similar to a scheme implemented in the USA in the 1980s which provided over 1.5 million homes.

NRAS properties for sale australia

How do you apply for the NRAS cash incentives?

In order to receive a cash incentive, you’ll need to be an approved participant who has applied through the formal process. Calls for applications are made on a regular basis and applications can note be submitted at random.

Who is the NRAS good for?

The overall aim of the scheme is to increase the amount of affordable rental properties available for lower income households. Approved individuals or families can benefit hugely by renting NRAS homes at far lower rates than standard market value rents.

How do potential tenants rent an NRAS home?

There are set income limits for tenants, which are based on the gross income of each household – these vary with single dwellers, couples and families. If a tenant’s income significantly increases whilst renting an NRAS home they will cease to be eligible for the scheme.

Who manages the scheme?

There are several organisations involved in managing the NRAS. The ongoing management is overseen by the Department of Social Services, however they work closely with the Australian Tax Office and individual states and territories.

There are a number of property developers out there who look after the scheme such as Property Road SA and number of other investment companies.

What Are Some Qualities That The Best Lawyers Have?

An individual may need to hire a lawyer for many different purposes. Whether you’re looking for a personal injury lawyer, divorce attorney or even a lawyer in Newcastle NSW, it’s important to look for some particular qualities.

When you look for a lawyer with these qualities, it makes sure you hire someone appropriate for the job. In this post, we’ve discussed some qualities you should always look for in lawyers.

Newcastle Lawyers


When you are looking for a lawyer, it is important to find someone in your specific field. It always makes more sense to find a lawyer who specializes in the area where you need help.

For instance, when you are looking for a business lawyer to manage your small business cases, it is important to look for someone who has handled a lot of cases for small business organizations in the past. In such a situation, you will also have to make sure that the person understand various business structures and tax implications.

For more information, check out these pages: and


All good law firms should have a comprehensive insurance policy covering off public liability insurance and insurance for any advice that the law firm gives. This website offers an easy place to get a professional indemnity insurance quote – all legal practices should have this type of policy.


When you’re looking for an attorney, you need to make sure he’s willing to understand your specific goals and requirements. For instance, if you are a running a startup, you need to make sure the lawyer understands what you want to achieve with the business 5 years down the line.

Ability to Communicate

Most lawyers have a habit of using too many technical terms. It’s important to hire a lawyer who uses simple language and communicates properly. Your lawyer should be able to make you understand everything properly.

Having an open phone, email or even online communication dialogue is important.


This one is quite obvious. Your lawyer should always be available when you need him. Whether it is your conferences or personal needs, he should be able to reach you quickly. You should expect your emergency phone calls returned promptly.


This is another important trait you should look for in lawyers. Your rapport with the lawyer should be very good. Good chemistry with the lawyer ensures positive results, and a healthy working relationship.

Great Vision

As lawyers are frequently reading through a huge range of legal text and other law documents, they need to have great vision and have trained their eyes to handle the massive workload that comes with being a lawyer. A good eye surgeon can help keep lawyers on track, and make sure they don’t have any cataract or vision problems!


It is worth mentioning that a lawyer should never be afraid to give you some references. While hiring a lawyer, you should ask what kind of cases or businesses the law firm has worked with.

In addition to this, you should also ask for a detailed list of other attorneys and clients. This way, you can discuss the lawyer’s competence, fees and services without any hassles.

Reasonable fees

Lawyers can charge from anywhere between $50 to $1,000 per hour. The cost of services includes the size of the firm, reputation of the lawyer, location of the firm and more. It will also depend on the lawyer’s experience and reputation. You should conduct an extensive research to compare several options before choosing a lawyer.

It is important to understand that you should consider a lot of factors before choosing a lawyer. You should not just focus on the lawyer’s fees.

An inexperienced lawyer will hinder your chances of winning the case.

These days, most lawyers have their own websites where you can easily find a lot of information about the services, fees and other information.