What are the Australian specialist disability homes?
The specialist disability homes are basically the Specialist Disability Accommodation (SDA) of the National Disability Insurance Scheme (NDIS) of Australia. The SDA or the Specialist Disability Homes of NDIS fulfil the housing needs of the people with disabilities. The scheme funds the specialist disability homes payment for the people with disabilities who have required very high support due to their extreme functional impairment. At present, there is a great shortage in the supply of the specialist disability homes in Australia compared to their demand. This situation creates a great scope for the specialist disability homes investors because they give higher returns over the investment than the traditional residential properties. Thus, the specialist disability homes not only give high rental yield to the investors but it also helps people with disabilities in choosing an accommodation that meets their high support requirements and gives them the freedom to live at a place of their choice and comfort.
What is the Scope of Investment in the Australian Disability Homes?
The Australian federal government is committed to fund specialist disability homes under the NDIS Scheme for the next twenty years. The government allocates $700 million per annum to fund the special disability homes for the approved NDIS participants. That is why, as an investor, you can confidently invest in the Australian specialist disability homes because they give lucrative returns over the investment in the long run as the approved people with disabilities will be long-term tenants since these specialist disability homes are built to cater their high support requirements so that they can live there peacefully forever.
The amount of ROI in the Australian specialist disability homes largely depends on their location in the country. So, you should prefer a location where the demand for the specialist disability homes is higher than their supply.
When you invest in Australian disability homes, you receive a regular income in three separate parts. First, you receive the SDA payment. Second, you receive the Commonwealth rent assistance. And third, you receive the Reasonable rent contribution from the approved participants disability support pension.
Thus, the Australian disability homes not only meet the high support requirements of people with disabilities but they also meet the budget of the Australian disability homes investors.
Why Should You Invest in Australian Disability Homes?
You should invest in the Australian Disability Homes because they are the most suitable accommodation for the people with the disabilities. The Australian disability homes also let the people with disabilities to live more independently.
They also play a great role in the emotional well-being of the people with the disabilities in Australia. There are several approved participants of NDIS specialist disability homes funding (SDA funds) and many are in the process of obtaining their funding for the suitable specialist disability homes. It is worth mentioning that many people with disabilities who are waiting for their specialist disability home funding approvals are living in inappropriate homes and hospitals. The government surveys also report that the six percent people with disabilities in Australia who are approved for the NDIS funding will also qualify for the specialist disability homes funding or the SDA funds.
What are the benefits of Investing in the Australian Specialist Disability Homes?
There are three main benefits of investing in the Australian Specialist Disability Homes:
High ROI
The Australian disability homes provide high ROI in the long run because the NDIS participants approved for the speciality disability home funding will stay there for a long time period. Your specialist disability home investment will be maintained by the SDA service provider funded by the NDIS.
Low Risk
The Australian specialist disability homes investment carries a very low risk because the government is committed to fund the specialist disability homes for the next twenty years. So, you can invest in Australian disability homes since it is part of the government scheme. The only thing that you need to do is make sure that your specialist disability homes investment is in a location where the demand is high for the specialist disability homes and the SDA you are investing meets the standards of the NDIS SDA Funding Scheme. If both conditions are met then you will face no difficulty in finding the NDIS approved tenants for your specialist disability homes for the long-term stay.
Social Contribution
The Australian disability homes investment is the best way to contribute to the well-being of the people with disabilities as these people badly need a home that best-suits their high support requirements. Thus, by investing in Australian disability homes, you are sincerely making a good contribution to society.
Conclusion
Australian specialist disability homes are a good investment. The only thing that you need to do is get your specialist disability homes NDIS approved and find the tenants who are eligible for the specialist disability home funding.
