SDA property loans

Discussion in 'NRAS & NDIS SDA' started by Mans4, 18th Jul, 2021.

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  1. Mans4

    Mans4 New Member

    Joined:
    11th Jul, 2021
    Posts:
    2
    Location:
    Victoria
    Hi ,
    I had some research regarding SDA property investment , looks like very stable income and high demand by NDIS ,the only question is for such good investment why getting loan approval is hard and required minimum 30% -40% deposit.
    Does it consider to be risky investment for the lenders.?
     
    Mans4, 18th Jul, 2021
    #1
  2. See Change

    See Change Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,149
    Location:
    Sydney
    It’s different and new.

    there are risks if you get it wrong .

    Cliff
     
    See Change, 18th Jul, 2021
    #2
  3. See Change

    See Change Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,149
    Location:
    Sydney
    When we built our first one , you couldn't borrow money to build . Luckily were in a position to be able to pay cash , but currently trying to refinance and it's not easy .

    Having said that we were maxed out when the Govt changed the banking rules and income is lower , but they're not taking the full SDA income into account .

    Cliff
     
    See Change, 19th Jul, 2021
    #3