Disability Housing Melbourne
Living in a community and living independently is considered as the most prior goal and value to be shared with the people with disabilities and their families. A home, whether owned or rented, is deemed to be the cornerstone of every individual with a disability.
Platform for IMPACT INVESTING
Disability housing is considered to be a service for people with disabilities and accordingly, a platform of investment for investors to make an impact with their choice of investments. Disability housing offered by 10 properties in 10 Years allows our clients to work one of the leading Specialist Disability Accomodation providers in the country to have a ‘done for you approach to creating a sustainable, impactful investment opportunity.
Australian Federal Government has committed through the NDIS $700m p.a. to funding for Specialist Disability Accommodation for next 20 years
Providing an ultra-high yield investment opportunity for ethical property investors looking for more than just great income.
7.5%-13.7% NET rental income!
For over two years, our team has been spending a considerable amount of time not only doing the research, but actually building and tenanting properties specifically for people with disabilities, We have been working in partnership with NDIS approved housing providers and building consultants in preparation of the rollout of the National Disability Insurance Scheme – Specialist Disability Accommodation (SDA) into Victoria, Queensland and Western Australia. We believe we are at the forefront of the NDIS SDA rollout and encourage you to investigate this most worthy of property investments with significant upside for not only yourself but our community.
In consultation with the heads of SDA division within the NDIS directly, our disability accommodation partners have been tagged as both the current and ongoing top 10 disability housing providers in the country.
What is the NDIS / SDA? :
We are sure in recent times you have heard a great deal about NDIS, especially the under-usage of the funds allocated. The National Disability Insurance Scheme is a Federal Act developed in 2013 to allow people with a disability to exercise choice and control about matters that affect them- such as their housing. ‘SDA’ (Specialist Disability Accommodation) refers to accommodation for people who require specialist housing solutions – not readily available in the traditional Australian rental market. The Federal Government via the NDIS SDA program have committed $700,000,000.00 annually for the next 20 years through directing substantial ‘rental assistance’ to generously compensate ‘SDA investors’ who specifically invest in compliant homes to drastically increase suitable housing supply.
Only 6% of people on the NDIS will qualify for the SDA. They must go through a stringent checklist in order to qualify to be able to have SDA on their package.
What is the NDIS backstory: The UN – The rights of persons with disabilities:
The Australian Government was one of the first countries in the world to be a signatory of the ‘UN Convention on the Rights of Persons with Disabilities’.
A massive under supply:
Studies in March 2018 found there is a major shortfall of disability accommodation in Australia, so to meet the demand there needs to be a 60% increase in the number of available homes.
Currently, there are over 28,000 Australians with a disability that the NDIS has identified as living in inappropriate accommodation. The NDIS SDA funding is to encourage property investors and institutions to build more disabled centric homes. Sadly there are also 6,000+ young Australian’s who are currently living in aged care facilities due to a lack of housing options and this number is increasing by 50 young Australians a week. SBS video: Young People with Disabilities Trapped in Aged Care.
Ministers media release 8.02.2019
Minister Fletcher speech in Parliament
Currently, due to the nature of NDIS being new as a whole system, there is very little knowledge of the SDA within people who are key to making this happen such as support co-ordinators, OT’s and Local Area Co-ordinators. It therefore takes between 30-50 hours to find someone with SDA or needs SDA on their plan and have these people ready to move in.
THESE PROPERTIES ARE NOT EASY TO TENANT:
There is SIGNIFICANT amount of ‘red tape’ that must be gone through before both the landlord and tenant are matched up. By no means is this an easy process. Luckily, we have partnered up with one of the leading SDA providers in the country to make it happen. Empowered Liveability is making tracks in regards to working closely with these people, going to extreme lengths such as re-educating staff from the NDIS and even creating its own support co-ordination arm in order to work with people for fast tracking their SDA.
10 properties in 10 years FOUNDATION PLUS and ELEVATE range:
We have a range of properties that suit different types of physical disabilities. Our SDA partner provides our landlords with a rental income POST management and tenancy fees.
An income of $45K per property can be expected from our Foundation PLUS range. Currently available in Brisbane and Melbourne.
An income of $75K per property can be expected from our ELEVATE range. Currently Available in PERTH only.
These properties are built in the format of what looks, acts and feels like a regular 4 bedroom house. 3 rooms have people with needs and 1 of these rooms is a carers quarters / study. We look to use traditional lenders in order to assist you with funding these properties.
We work with our SDA partners in regards to ‘tenancy demand’ where they utilise their industry leading knowledge to create a ‘heat map’ of tenancy demand. As these properties are built, they are actively scouting for tenants in these areas and getting plan approvals.
As these properties are built from the ground up and structured like house and land contracts, the landlord can expect a significant saving in stamp duty as compared to purchasing one already completed.
Imagine this, your investment house not just providing a significant rental income, it could take three young Australians out of inappropriate aged care and place them in a far more appropriate new home along with housing with a carer of choice.
Such an amazing decision could be compounded with the knowledge that over the next 2 decades of ownership, the SDA Commonwealth funding model could pay you between $1,200,000 – $2,000,000.00 (factoring in CPI increases of 2.5% every year) to provide this specialist disability housing opportunity for those that need it.
To find out more details about disability housing in Melbourne and Preston, reach out to our reliable property experts at the 10 Properties in 10 Years.