For many participants, finding NDIS housing can be daunting. Around 17% of the Australian population live with a form of disability. Notably, this level of challenge is due to the greater demand for accessible and inclusive housing than the supply. Property investors who are investing in NDIS housing can help NDIS participants have better access to properties that meet their needs by bridging the gap of increasing the supply of SDA and improving living standards.
National Disability Insurance Scheme (NDIS) is a social welfare program that offers various options so that people with disabilities can live independently. As a result, those who participate can access the services and support they need.
Read on to learn about how you can help meet the demand for more accessible and inclusive homes in Australia by investing in NDIS housing.
Types of NDIS Housing
SDA funds accommodation that accommodates the needs of people who could benefit from specialised housing solutions. Its scope also includes the construction, modification or rental costs of accessible housing specifically designed for those with high support needs, like wheelchair accessibility modifications, for example.
It is one type of support for people with higher support needs. Those who need SIL require a significant amount of help throughout the day. If you are residing with other NDIS participants, it is possible also to get SIL.
ILO is a personalised and customised package of supports that lets you choose where and how you live. It supports other funded supports and services you receive and the aid you receive from people you deem as your “support” like your community and family.
SDA NDIs
Other SDA NDIs include the following:
- Improved Liveability
- Fully Accessible (FA)
- High Physical Support (HPS)
- Robust
The Growing Need for NDIS Housing
Rising Demand
According to a 20-year projection model the National Disability Insurance Agency (NDIA) released, by 2042, 36,684 SDA homes will be required. This is predicted at an average growth rate of 2.4% per annum.
Shortage of Housing
James Brooker, CEO of Social Impact Funds Management, states that the shortage of SDA housing in Australia is now intense. The main challenges people with disabilities face in seeking appropriate accommodation are affordability, functionality, and availability.
Investing in NDIS Housing: What You Need To Know
How To Invest in NDIS Housing
Research: First, you need to research. This is because you have to understand the SDA market, including demand in your chosen location, types of disabilities prevalent in the area, and rental yields so that you can do this right. Failure to meet the requirements can lead to the absence of SDA registration for your property.
- Compliance: The SDA property market is under heavy regulation. Thus, ensure that your property meets SDA design categories and NDIS regulations. Non-compliance can result in penalties. This is the step where we at Positive Income Properties can help you the most.
- Property Selection: After that, pick a location that has access to amenities and services for residents. You can partner with a specialist NDIS property firm or agent.
- Financing: After selecting your property, you should also consider looking at specialised loans for NDIS properties. In this step, you may also need to prepare for deposits that are potentially higher.
- Tenant Acquisition: Don’t forget to secure your tenants as well! Your tenants need to be NDIS participants as the funding is tied to them.
- Property Management: If you need help or a second eye to help you out, consider having an accredited NDIS property. They will aid you in matters of compliance, paperwork and maintenance.
Explore NDIS House Options With Our Guidance
Due to growing demand, there is an increasing and urgent need for NDIS housing options, like SDA. And that’s where we can help you invest wisely in the right properties.
Here at Positive Income Properties, we are highly committed to sourcing the right property deal to suit the needs of each individual client. We have access to a range of investment property options that meet the stringent NDIS SDA Design Standard. Give us a call or email to explore the different SDA options and discover how you can invest in changing lives through high-return, purpose-built properties!
Gil Elliott is the Managing Director and Founder of Positive Income Properties. Gil has a rich background in business consulting and property investment. All of these he gained in his nearly four decades of experience in the real estate and marketing industries.
