Stamp Duty is a fee paid to the State Government for the transfer of land or property to a new owner. The amount to be paid depends on whether it is for an Owner Occupier, First Home Buyer or for an investment property as well as the type of property you are buying i.e if

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A licenced conveyancer specializes in property law and attends to the transfer of property ownership from one person to another. Their services include but are not limited to: searching the certificate of title lodging all completed documents with the Titles Office searching government departments and local authorities for anything which may affect the property such

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Turn-key refers to the level of finish in the construction of a new dwelling.  It is where everything is included so that all the resident has to do, is “turn the key” and walk in to live there. Features such as TV antennae, letter box, clothesline, driveway, landscaping and window furnishings are all completed.

A tenancy manager can be:  a not-for-profit organization; a private real estate agency; local government; an approved participant or part of the consortium which is the NRAS applicant; State or Territory Government on a fee-for-service base only where there are no suitable alternatives. Who checks the tenants’ incomes? The tenancy manager is responsible for ensuring

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A range of low to moderate income earners as determined by their annual taxable income, may rent an NRS dwelling. NRAS aims to provide affordable rental housing for the nation’s critical infrastructure workforce.

No, not while it is within the Scheme. An eligibility requirement of an NRAS tenant is that one does not own or part own property within Australia or overseas.

The dwelling reverts to the owner’s full control. It can be rented as a normal investment property or it can be sold or you may live in it yourself. Can the dwelling which I have just finished renovating, be rented under the Scheme? No. All dwellings must be brand new. It must not have been

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Yes. A dwelling can be sold to another investor who undertakes to comply with the NRAS obligations. OR It can be sold to an investor who does not wish to continue in the scheme, however, you will no longer receive the NRAS incentive. In some cases, conditions apply regarding the notification of intent to sell,

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Yes. Investors no longer wanting to participate in the Scheme can sell their dwelling or cease their participation prior to the end of the 10 year term.

If all the NRAS tenancy criteria have been met, the Australian government tax off-set is usually made I July. The State or Territories’ payment is usually made in September.