Suggestions that NRAS (National Rental Affordability Scheme) budgets would be reduced have not eventuated and the scheme to subsidize owners of approved investment properties in Australia will remain fully funded in the 2011 Federal Budget announced by Treasurer Swan. This provides surety for absolute estate investors and developers who might hesitate to invest in an otherwise fragile property market. One of the largest fears investors in Australian Absolute Estate face is the impact of not having a tenant for a period of age to provide the necessary cash flow to maintain mortgage payments.
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May 11, 2011
2011 Federal Budget Confirms NRAS Funding for Australian Real Estate Investors
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