Specialist Disability Accommodation

Discussion in 'Investment Strategy' started by lil85, 7th Feb, 2019.

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  1. lil85

    lil85 Member

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    melbourne
    Anyone here has experience in owning an SDA? Or maybe can give opinion what do you think of it?

    The payment sounds very attractive.
     
  2. Angel

    Angel Well-Known Member Premium Member

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    Paradise, Brisbane
    What payment? Please tell us more.
     
    My House QLD likes this.
  3. lil85

    lil85 Member

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  4. Cmelderis

    Cmelderis Well-Known Member

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    Did you end up finding out more about ndis/sda housing?
    I am also looking into this option currently
     
  5. Illusivedreams

    Illusivedreams Well-Known Member

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    Any more information on this scheme? What did you find out?
     
  6. Cmelderis

    Cmelderis Well-Known Member

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    Perth
    I found out a little more from a friend who is offering them as investment strategies in QLD....
    "In terms of NDIS property you'd be owning a 4 bed house which at full capacity would be delivering $83k a year.
    The suburb locations are selected based on high demand and where we can deliver a cluster of homes for the carers.
    So I would recommend basing your calculations on 3 tenants as there will be transitioning tenants in these group home scenarios.
    Therefore base on $60k per year.
    The houses are in the $550k range, and the banks will want a 20% deposit. ($110k).
    You also need the $25k furniture pack to be NDIS compliant. Additionally $2k in compliance costs as a supplier to NDIS.
    So I'd say you need access to circa $145- $150k equity/savings to take in everything including an average valuation which is common in the current banking environment. The banks will look at your house as a normal house, normal rent. So the changes in the design won't rate in their valuation process. So typically expect val to be $10 - $15k below actual.
    I've attached a sample Head lease doc - which is how these NDIS properties will be managed - its quite comprehensive when it comes to daily management, any damages to the property are covered etc.
     
  7. Cmelderis

    Cmelderis Well-Known Member

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    Perth
    "I might be able to put an NDIS property into Griffin which is quite close the SC - and the coast - these properties are in the mid $500's.
    Albany creek is more than the normal investor budget at $650k range.
    Another location there's good NDIS demand is Redland Bay - which again is in the $550k range.
    If you wanted to be in the Gold-Coast/Brisbane Corridor then Ormeau is good as well, at $560k.
    Yes the furnishing pack worth $25k is required by NDIS on top of your property"