Tandem 54 » FAQ’s

How much Stamp Duty do I pay?

annamin — Wed, 20 May 2015 05:42:16 +0000

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

The post How much Stamp Duty do I pay? appeared first on Tandem 54.

What does a conveyancer do?

annamin — Wed, 20 May 2015 05:41:18 +0000

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

The post What does a conveyancer do? appeared first on Tandem 54.

What does “turn-key” mean?

annamin — Wed, 20 May 2015 05:40:04 +0000

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.

The post What does “turn-key” mean? appeared first on Tandem 54.

Who can be a tenancy manager of an NRAS dwelling?

annamin — Wed, 04 Dec 2013 12:00:19 +0000

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

The post Who can be a tenancy manager of an NRAS dwelling? appeared first on Tandem 54.

Who can rent an NRAS dwelling?

annamin — Wed, 04 Dec 2013 11:00:35 +0000

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.

The post Who can rent an NRAS dwelling? appeared first on Tandem 54.

Can I live in the NRAS dwelling myself?

annamin — Wed, 04 Dec 2013 10:00:36 +0000

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 post Can I live in the NRAS dwelling myself? appeared first on Tandem 54.

What happens after 10 years of the dwelling being in the Scheme?

annamin — Wed, 04 Dec 2013 09:00:25 +0000

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

The post What happens after 10 years of the dwelling being in the Scheme? appeared first on Tandem 54.

Can I sell the NRAS dwelling?

annamin — Wed, 04 Dec 2013 08:00:59 +0000

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,

The post Can I sell the NRAS dwelling? appeared first on Tandem 54.

Can I exit from the National Rental Affordability Scheme?

annamin — Wed, 04 Dec 2013 07:00:21 +0000

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.

The post Can I exit from the National Rental Affordability Scheme? appeared first on Tandem 54.

When does the Incentive get paid?

annamin — Wed, 04 Dec 2013 06:00:47 +0000

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.

The post When does the Incentive get paid? appeared first on Tandem 54.