A Specialist Disability Accommodation (SDA) Participant is a person who requires specialized housing solutions which assist in the delivery of necessary support and caters to any extreme functional impairment they may have. At SDA Housing Investments, we design purpose built homes to cater to the needs of the participants which coincide with the SDA Design Standard of the National Disability Insurance Scheme (NDIS). The following design goals are the core of every build:
This is a very important guideline for all supported SDA homes and by law we must follow these design principles. We Highly Encourage that you download the official NDIS SDA Design Standard so that you may know what a SDA purpose may provide you or your registered SDA participant.
Fortunately, for all parties involved, there are major benefits to investing in an SDA home. The government have provided SDA funding under their NDIS scheme to support SDA participants in finding specialized accommodation and stimulate investment opportunities to fund these housing solutions. The result is generous support for SDA Participants and opportunity for 11%+ returns on housing investments per annum.
6 Reasons clients choose to work with SDA Housing investments
It is very key to make an educated decision based on truth and fact. As a long term old school business, we endeavor to provide all the information to make a well informed and educated decision when it comes to making investments. Given our knowledge and experience, we are confident that utilizing this NDIS scheme will give significant returns with very high security. Here are some of the benefits you will expect from an SDA Housing Investment:
A Large Demand For SDA Homes
Research by the government in 2018 has revealed a 60% shortfall in available homes for this sector.
Long Term Government Support
The Australian Government have announced guaranteed continuation of the scheme for the next 20 years.
Incredible Returns Of Investment
Investors are expected to make upwards of 11% per annum.
Investors Who Are After Financial Security & High Rental Returns, we will show the process we will use a typical 4 bedroom home as an example:
4 Bedroom, 4 Bathroom Home This caters for 3 tenants/participants and 1 onsite overnight carer $840,000
Initial Deposit on signing an Expression of Interest is $1,000. This secures the land (No Commitment) but held for client whilst the contract process takes place. It takes 2 to 5 working days for both land and and build contracts to be prepared and they then go out to be signed by purchasers. Once contracts are returned they are signed by the land developer and builder.
Contract dated after last person signs the land contract.
(This is usually the land developer or his solicitor). From the date of contract there is a 5 working days cooling off period and if the contract is not Subject To Finance now becomes unconditional. ( usually a Cash Contract)
If the contract is still subject to finance, it becomes unconditional after finance approval. (Usually 21 Days STF but extension granted where lenders take longer than expected) Now the balance of deposit is due on land including the $1,000 initial deposit. Normally this is 5% of the land value.
Land contract is now unconditional
Builder may invoice for 1st progress build deposit 5% (Refer to progress payment (1) of build contract) this may sometimes happen at unconditional or after the land settles. Council , usually 2 weeks for approval plans (can Vary) after approval footing payment due etc – Refer to build Contract for progress payment schedule to settlement.
Usual deposit conditions 5% deposit on both house & land Balance land deposit to 5% on unconditional.
The land is land tax exempt and stamp duty is only payable on the land
When the land contract is unconditional
The plans are ready to submit to the council. The land contract settles -The builder has confirmed by letter from the certifier that the plans are compliant, builder will lodge plans and wait for approval of drawings from Council.
The Service Provider will sign the lease agreement
They will then begin the process for sourcing compatible tenants for the home. The client will pay a% of the annual rent for sourcing all tenants (Once only). TBA for each service provider. Once suitable tenants are sourced, they sign an “intention to rent” and are advised they will sign a tenancy agreement prior to moving in. Once the home is built the service provider will lodge final assessment documents to LHA who issue final certification. An application then goes to NDIA for registration of the NDIS/SDA home into the scheme for funding.
Returns are based on the NDIS/SDA price guide accurate at the time of publication, all info subject to change
At SDA housing investments we make investing in a SDA Property easy. We can walk you through all the background, government regulations and standards, financial benefits and assessed risks. You are more than welcome to contact us via our live chat, give us phone call at 0438325269, send us an email at info@sdahousinginvestments.com.au or use our contact form below. However, we encourage you first to explore the NDIS Demand Map to get an idea of the demand for SDA in your chosen area, then investigate the official 2020 price guide. Once you have ventured through these two documents, you can begin your SDA Investing journey. Simply contact us using any of the described methods, and we can answer any queries and help you to find an appropriate SDA home to invest in.