From what I have read about NRAS, it sounds a lot like negative gearing repackaged, re-marketed to another generation of property investors.
Both are sold on the premise of tax benefits to hide the fact that the properties are overpriced.
I think ill pass on NRAS.
I have searched about NRAS and found it is not well reputed company, try to find some other companies but option is in your hand. There are many other companies where you can invest your money.
What I am seeing at the moment with nras (and perhaps other people are too) is that there are massive differences in the quality of stock and the quality of the investment. Would you research and find a location that meets your investment criteria and then start looking for a scheme property in that location or are you just looking for a scheme property? Does your portfolio need the extra cashflow? How much skin do you have in the deal? Is it a stand alone deal or do you need to cross-collateralize with another property?
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