PR Newswire
03 May 2023, 17 GMT+10
SYDNEY, May 3, 2023 /PRNewswire/ -- Mountain Assets, in partnership with Fairy Meadow House Pty Ltd (FMH), has commenced the construction of a new purpose-built property for National Disability Insurance Scheme (NDIS) participants in Fairy Meadow, a beach suburb on the northern side of Wollongong in New South Wales.
The project aims to provide the very best in disability accommodation to meet the increasing demand for Specialist Disability Accommodation (SDA) in the Wollongong area. With a significant under supply of new built disability accommodation and a volume of potential tenants with significant physical impairment eligible for this product, this project will help alleviate the drastic shortage of such accommodation in the area and set the standard for future developments.
The site will be managed by experienced property developers who specialize in the development of accommodation for disabled persons, where rental payments are made on their behalf under the NDIS.
The Fairy Meadow site has been selected due to the significant unmet demand for SDA in the Wollongong area. With the cost of land being so high in Fairy Meadow and surrounding areas, it appears highly unlikely there will be an oversupply in the upcoming years.
As the NDIS is an initiative funded by both the Commonwealth and State Governments, rental income for specialist disability accommodation funding housing providers is securely backed, on the condition that the NDIS participant and housing provider remains eligible. This makes specialist disability accommodation an attractive, stable investment for freehold purchasers in comparison to standard residential tenancy accommodation.
Mountain Assets is confident that this project, like their others, will deliver to the benefit of both disabled persons and investors. In addition, they plan to release around 2000 SDA options to market in the next decade, fulfilling the social justice objectives of their consultants and advisors.
For more information on the Fairy Meadow project, or any other NDIS projects, contact the team at Mountain Assets on 1800 988 014.
IMPORTANT: Mountain Asset Partners Pty. Ltd., ACN 652 860 298, CAR no. 001 302 348, is a corporate authorised representative of Responsible Entity Services Limited, ACN 116 489 420, AFSL no. 299024
The information provided is general in nature and does not constitute personal financial advice. The information has been prepared without taking into account your personal objectives, financial situation or needs. Before acting on any information on this website you should consider the appropriateness of the information having regard to your own objectives, financial situation and needs. All statements made on this website are made in good faith and we believe them to be accurate and reliable however do not guarantee its currency. You should seek legal or other professional advice before acting or relying on any of the content.
Get a daily dose of Vietnam Tribune news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Vietnam Tribune.
More InformationLAHORE, Pakistan - On Saturday, an anti-terrorism court acquitted Pakistan Tehreek-e-Insaf (PTI) leader Yasmin Rashid of an attack on the ...
TOKYO, Japan - The Japanese government has suspended official development aid for the Yangon-Mandalay Railway Development Project, a long-standing symbol ...
KATHMANDU, Nepal - A Malaysian mountaineer narrowly survived after a Nepali sherpa guide hauled him down from below Mount Everest's ...
DHAKA, Bangladesh - Sheikh Hasina has vowed to build a self-sufficient Bangladesh and has urged citizens not to be concerned ...
KATHMANDU, Nepal - The body of German climber Luis Stitzinger has been airlifted from Mt Kanchenjunga to Kathmandu, according to ...
ISLAMABAD, Pakistan - Prime Minister Shehbaz Sharif left for Turkey on Friday to attend the inauguration of his "brother," President ...
SPENCER, Massachusetts: Spencer, Massachusetts Fire Chief Robert Parsons has said that a June 2 fire that burned down a 160-year-old ...
MOSCOW, Russia: Journalists from countries that are "unfriendly" to Russia will be banned from covering this year's St. Petersburg International ...
SAN FRANCISCO, California: Landowners in California participated this week in a class organized by the El Dorado Amador Prescribed Burn ...
RAMALLAH, Wet Bank - A two-and-a-half-year-old Palestinian boy shot in the head by Israeli troops has died in hospitalThe boy, ...
NEWARK, New Jersey: Six years after his 2016 presidential campaign failed to succeed, Chris Christie, former New Jersey Governor, will ...
TOKYO, Japan: To counter the declining national birthrate, Japan's Prime Minister Fumio Kishida pledged to double spending over the next ...