Specialist Disability Accommodation (SDA) refers to specialist designed housing for those participants requiring integrated housing and supports, due to their significant functional impairment and/or complex needs.
SDA is an appealing investment opportunity for those interested in residential property.
Historically, SDA has been delivered primarily by State and Territory governments (hereafter ‘States’). The responsibility for funding SDA is now has transitioned to the Federally funded National Disability Insurance Scheme (NDIS; Scheme). It is expected that $700 million will be spent on SDA annually.
Like all parts of the Scheme, the SDA payments approach seeks to bring greater choice and control for people with disabilities in relation to their need for reasonable and necessary housing supports. For eligible participants, SDA will be funded on a per-person basis and reflect the range of different types of housing, the specific disability needs and where it is located.
Across Australia, 17,500 people currently live in supported accommodation. The SDA funding under the NDIS is estimated to support 28,000 people.
A gap of 10,500 places across Australia exists on the basis of the current supply.
Specialist Disability Accommodation (SDA) is an integral component of the National Disability Insurance Scheme (NDIS). SDA is targeted to provide purpose-built housing for NDIS participants with very high and complex support needs to enable them to lead an ordinary life.
The opportunities for participants and families, housing developers and investors are huge, but SDA represents a leap into the unknown for many people. Indigo Property Group has undertaken significant study and research into the ‘Get Building SDA’ initiative and is in a position to walk investors through the process to realise these opportunities.
Currently, only a small fraction of the SDA that is needed has been built. In Western Australia the shortfall represents 1.390 participants’ needs that are required to met which equates to approximately 300 homes.
Indigo Property Group can enable investors to become one of the early adopters of SDA projects and in so doing position them into a safe, profitable and heart-warming investment.
SDA payments from the NDIS are intended to provide returns that stimulate the development of new, innovative and high quality housing for people with high and complex support needs.
Unfortunately, SDA projects can be complicated – There is no escaping this point. However, Indigo Property Group’s substantial know how of the Get Building SDA initiative provides a pathway for the successful delivery of SDA projects.
One of the keys to a successful project is the partnership approach that combines the SDA element along with the Supported Independent Living (SIL) and participant approval processes as there are many inter-relationships between these three elements.