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Hi Gary I have been in touch with QAHC and not to worry things are in the process of being sorted
Hi Gary,
We originally were going with Brisbane Property Brokers, but they messed us up a bit as to which house plan was for which plot of land, so in the end we contacted the developers direct and they where very helpful , so we have done everything so far through them. We got in touvh with them on a Monday and I had contracts in my hand on the Wednesday. They have sent us photo's of the progress since the start of the house being built. We are building in Chinchilla they have plots with Surat basin Homes http://www.suratbasinhomes.com.au they have plots of land already NRAS approved. The consortium is or will be QAHC. As regards finance we had no problems at all we did it through our own home lender and the whole process so far has gone quite quickly.
Hopefully the lease will be sorted out soon bound to be teething problems being a new scheme I suppose but that is the only bad thing so far the uncertainty of it. Good LuckHi Gary,
Thanks for your reply. Yes I had seen that page too, but I as I understand it we are supposed to sign a headlease with the consortium. By doing so we grant the consortium the right to grant a residential lease to NRAS eligible tenants. Therefore it is the consortium who has right to the tax breaks. So not really sure where we will stand over the new ruling all depends on which way you read the examples on the ATO site. We are planning to see the builders next weekend so hopefully will find out more info then and keep you posted. The house we are having built is not far off completion so will be doing the paperwork for the lease etc soon.
Lets hope someone who has been through it or further along can give us further info on how the new ruling effects the tax breaks.
