Tax-free incentives

INVESTORS have shown keen interest in a Rockhampton development that will provide accommodation for lower- to middle-income earners.

Even though marketing for the 24-unit complex behind Rockhampton's North Side plaza on Edington St only began last week, close to a dozen would-be investors have sought more information.

Fourteen of the 24 units are planned to be rented to people who earn less than $43,000 a year.

For investors, there is plenty of support available, as part of the National Rental Affordability Scheme, a Federal Government initiative to encourage the construction of new affordable housing in Australia.

The scheme provides government incentives of a minimum of $9140 a year for 10 years tax free to an investor.

Principal for Prime Properties Todd Brandon, who is marketing the investment, said it was a great deal for everyone who was involved.

“We have about 1000 properties with us and at the moment, only 10 of them are ever available at one time, so this will be a great thing for some to ease housing stress,” Mr Brandon said.

Mr Brandon said he wanted to take it to Central Queenslanders before taking it to a broader market.

Last week, a series of seminars was held across CQ, where an expert in the NRAS, David Anthony, spoke about the scheme.

This is Rockhampton's first project under the NRAS.



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