Hi Amanda (and anyone else reading this into the future)

I completely agree with Richard about being very careful when it comes to any property investment scheme even if backed by the Govt.

Investing in property is all about investing first and the hype of various schemes is secondary.

Dont get me wrong – I think the NRAS scheme is a very good way to reduce the holding cost of an investment property but it needs to be a good investment first. That means – location and price are the first things to look at… and NRAS is considered later only as a funding assistance.

Unfortunately whenever there are good opportunities there are opportunists and as a result of the NRAS hype there are some properties being sold at prices that make them a bad investment. There are also properties being sold into areas that are already oversupplied thanks to the FHOG of a couple of years ago.

But there are also some very good NRAS supported properties… it just takes a bit of work to find them.

All the best Amanda (or anyone reading this) <moderator: delete advertising>.

Yours

Graeme
http://www.iLoveProperty.TV
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