Overview
Property ID: LA-3973
- House and Land
- Property Type
- 3+OOA
- Bedrooms
- 4
- Bathrooms
- 2
- Cars
- 240
Details
Updated on Sep 30, 2024 at 12:21 am
Property Type: | House and Land |
---|---|
Price: | $ 990,000 |
Land Price: | $ 290,000 |
Build Price: | $ 700,000 |
Gross Per Week: | $ 3,176 |
Gross Per Annum: | $ 165,171 |
Gross Yield: | 16.68% |
Capital Growth 12 Months: | -2.33% |
Capital Growth 10 Year Annualised: | 6.05% |
Vacancy Rate: | 3.02% |
Property Size: | 240 m2 |
Land Area: | 420 m2 |
---|---|
Bedrooms: | 3+OOA |
Bathrooms: | 4 |
Parking: | 2 |
Title Status: | Titled |
Property ID: | 3973 |
SKU: | 2000 |
Description
NDIS – SDA – High Physical Support
SDA Accommodation:
An SDA home, which stands for Specialist Disability Accommodation, is a type of housing designed to meet the specific needs of individuals with significant disabilities who require high-level support and specialised accommodation. Under the National Disability Insurance Scheme (NDIS), SDA aims to provide suitable housing options for participants with complex support needs.
High Physical Support Housing:
High physical support housing includes a high level of physical access for people who need very high levels of support. For example, you may need a ceiling hoist, backup power supply, or home automation and communication technology.
Benefits for Participants:
Improved Quality of Life: SDA homes are tailored to provide accessible and inclusive living environments, promoting independence, comfort, and safety for participants.
Benefits of the NDIS:
Cost Effectiveness: SDA aims to reduce the overall cost of disability support by providing suitable housing options. Offering appropriate accommodation can help prevent or minimise the need for more expensive, institutionalised care settings.
Benefits for the Community:
Inclusion and Accessibility: SDA homes create inclusive communities by providing accessible housing options for individuals with disabilities. This promotes social integration and enables participants to participate more fully in community life.
Benefits for Property Investors:
1. Sustainable Financial Returns: Investing in SDA homes can provide property investors with stable, long-term rental income due to the ongoing demand for specialised accommodation for individuals with disabilities.
2. Secure Tenancy: SDA homes often come with secure, long-term tenancy agreements, providing property investors greater stability and reduced vacancy rates.
3. Ethical and Social Impact: Investing in SDA homes allows property investors to make a positive social impact by supporting individuals with disabilities and creating inclusive communities.
4. Government Support: The NDIS provides financial incentives for property investors who choose to invest in SDA homes, offering potential financial benefits and enhancing the viability of such investments.
Overall, investing in SDA homes can offer property investors a combination of financial stability, social impact, and government support, making it an attractive investment option.
You can read more about NDIS/SDA here: https://latitudeproperty.com.au/tag/ndis/
Estate & Location Information
Lucas
Located just 7 kilometres from the Ballarat CBD, Lucas is located in the heart of the Ballarat West Growth Zone. Lucas is the largest masterplanned community in Ballarat’s history and has been meticulously planned to include everything that you need to live, shop, work, play and learn locally. Whatever your lifestyle, if you can dream it, you can find it right here at Lucas.
The most important aspect of our community is the people who call Lucas home. Seven impeccable neighbourhood precincts and two retirement villages have been designed to cater for the needs of any lifestyle, allowing you to live, shop, work, play, and learn locally.
One of the most alluring elements of residing at Lucas is having all that you need on your doorstep and everything else that Ballarat has to offer only a stones throw from home.
Business and employment opportunities are continually expanding in Lucas with the Town Centre and Business Park becoming central to employment in Ballarat’s West. Lucas is a fantastic place to do business with many opportunities to purchase or lease commercial property right in the heart of Lucas.
Enjoy your downtime in style in the many neighbourhood parks and wetland precincts Lucas has to offer including the enormous Central Park and adventure playground.
Disclaimer*
All details shown have been provided by third parties, for full details and inclusions please refer to the land and building contracts.
Address
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Capital Growth 12 months, measures the increase in a property’s value over the previous 12 months, indicating how much the investment has appreciated in that timeframe.
Capital Growth 10-year annualised, reflects the average annual increase in a property’s value over the last decade, smoothing out short-term fluctuations to show long-term appreciation trends.
Vacancy Rate, indicates the percentage of properties that are currently unoccupied in that postcode, It’s a key indicator for investors to assess the rental demand.
SMSF Property Investing, when investing inside your SMSF there are some restrictions on how you can purchase investment properties. We use the following information to help navigate the SMSF investment property options.
This property is a single-contract property suitable for an SMSF.