Hi SamAus74
It took 11 months from signing up(April 2011) to the house being built and handed over to us (march 2012) for tennenting – tennents were in within a week of us getting it  handed over.  There were delays with Westpac loans – couldnt get it right, then council approval (needed easment for closness of house to boundary) then building not start till end August (which meant the build went over christmas – another 4 week delay with closure of builders over christmas) then once practical completion done ( feb 2012) it took another month for the cert 16? or something to come from council!!!! so no tennent till march 11 2012 – so 11 months!!!!! The tennent was waiting to move in!!!! for a month prior!!!
The speil they gave us was sign in April 2011 and built and tennented by Sept 2011!!!! nothing like it and the cost of the nras home loans nearly killed me with also having a normal home loan as well!!!  Accountant got Tax variations in and ATO questioned the high costs we were claiming against really low rent!!!!!
Let me tell you $255 per week for a 4 bed 2 bath 22 loungeroom in Brassell – bloody rediculous rent – and!!!! they charge management fees on the full rent (should be $340 before nras 25% discount) so only get $820 per month for a mortgage of $2300 per month!!!!so we having to find $1480 + insurance +rates +water access and what ever else comes along!!!!
I am questioning the value!!!!!! and I cant even refinance as the property is valued at $30k under the mortgage we have on it!!!!! so my house is being part held for security – there goes the equity in my place for many years to come – very hard slog !!!!!
The speil they gave us was – overall in the first year it should only cost you $9 per week – my tax variation now has me paying no tax and has halved my salary – but all that money is going back into the nras property – not $9 per week!!!!
Sorry for the whing but really frustrated here and no where I can go to get any relief at this point!!!!!
So have to get tax done really quickly so I can make sure the tax variation is in place so I can continue to live and pay my current mortgage!!!!!
Rose

Please can some one tell me how I get my nras certificates?

Thanks thefullrose