TV: Two years and counting for this opportunity

by BN11 Jul 2012

“Brokers should get on board with this 100% really quickly,” says Barrie Gaubert of mortgage manager Iden Group, speaking to Australian Broker TV about the National Rental Affordability Scheme (NRAS).

“I think investors are interested in this because it is a very good incentive for them, and I think the scheme from the government’s point of view is very good because it is actually attracting the right good quality tenants that investors to want,” Gaubert explains.

Click here to watch the exclusive multimedia interview.

Mortgage broker Kiran Saldanha of The Finance Professionals agrees the NRAS scheme –which only has two years to run - provides good opportunities for the right investors.

“Where NRAS fits into the strategy in terms of my clients because it brings to the fore a negative gearing possibility with refundable tax offsets that actually let a person look at a positively geared property from the cash flow perspective,” he says.

“Also from the perspective of now being able to hold property in self-managed super funds, with the benefits that NRAS brings to the table, it’s really an ideal opportunity,” he says.

Saldanha says that many investor clients will find the scheme useful – if they can find the stock.

“From a broker perspective I am struggling at this point in time to find good stock for my clients to invest in,” he says. “We have got two years before this scheme runs out , and I would think most risk profiles out there from a client’s perspective would allow them to hold an NRAS property.”

Want to hear more on NRAS from our exclusive multimedia interviews? Watch the video now!.