By Ev Foley | 26-3-2024 | Investment
Investing in dwellings built for disabled tenants is a market showing accelerated growth but the numbers are just a fraction of the story, experts caution.
In the past year, investment in dwellings designed for people living with disability has undergone significant marketplace change, but sector experts say with due diligence, investment opportunities remain.
A 20-year projection model released by NDIS steward, the National Disability Insurance Agency (NDIA), estimates that by 2042, at an average growth of 2.4 per cent per annum, 36,684 SDA homes will be required.
Projections for Queensland are highest in the Gold Coast (772), Sunshine Coast (536) and Logan-Beaudesert (461), while in Western Australia, which doubled its SDA developments last year alone from 231 to 477 dwellings, the greatest future demand will be in Perth’s North West (801) and South East (785).
In South Australia, Adelaide’s North (979) and South (774), Tasmania’s Hobart (477), the ACT (687) and Northern Territory’s Darwin (282) project the highest demand.
Number of participants, plan budgets and payments for years ending 30 June - participants with SDA supports.
There are currently four categories, including Robust, Fully Accessible and High Physical Support.
Also recommended is the separation of SDA and living supports providers.
Mr Woolgar said he feels the right type of SDA in the right location still offers a ‘fantastic’ opportunity for investors.
“It’s one of those rare situations where everyone involved can have a win; the investor, the SDA provider, obviously the people living there, but it’s got to be done properly and for the right reason.
https://www.apimagazine.com.au/news/article/ndis-property-is-no-quick-buck-investment-but-disability-housing-demand-is-growing?ce_code=9mxV4RM3EirPqFx23UmSqCMJAQGtiyi&utm_source=api+newsletter&utm_medium=email&utm_campaign=api+newsletter&utm_content=2024-03-28