NRAS-Approved Properties – How it matters to non-resident property investors Last week, I posted some facts and figures on National Rental Affordability Scheme (NRAS). Some of my blog readers wrote to me and cited a lack of understanding of the scheme from the perspective as a non-resident. I thought it might be good for me [...]
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The National Rental Affordability Scheme (NRAS) is a long term commitment by the Australian Government in partnership with the states and territories, to invest in affordable rental housing.
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The Federal budget announced tonight the following changes that will affect non-residents investing in Australia. From 1 July 2012 the non residents will be taxed as: 1- First $80,000 at 32.5% 2- $80,001 to $180,000 - tax is $26,000 + 37% of excess over $80,000 3- Over $180,000 – tax is $63,000 + 45% of [...]
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This afternoon the Reserve Bank of Australia (RBA) has reduced the official cash rate by 50 basis points. The official cash rate is now 3.75% p.a.(this is the wholesale rate before bank margins) We hope to see the majority of lenders pass on at least 35 basis points. This would bring the most [...]
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