In QLD the current NRAS Tax credit is $9140 (this is tax free income)

So assume you are an Australian tax payer, who pays $15,000 in income tax per year, after the purchase of an approved NRAS investment property, the new tax amount payable will reduce by $9,140 to $5,860. These credits can be applied from the start of the year by applying to the Australian Tax Office (ATO) for a tax credit forward, so that the tax payable per month is lower, rather than waiting for a rebate at the end of the financial year via your tax return. Your Accountant or tax specialist will be able to give you the best information for your circumstances and advise how to apply for the tax credit forward facility.