Specialist Disability Accommodation

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

The payment sounds very attractive.

 

What payment? Please tell us more.

 

SDA Pricing and Payments | NDIS

Payment from the government + rent payment by the tenant

 

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

 

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

 

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.

 

"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"