Manage episode 376990294 series 3321104
Happy Friday everyone! In this episode, Minh, Debbie and Elizabeth, our Melbourne-based consultant, who has flown up to Brisbane for a few days to meet with various builders and stakeholders, sits with us to discuss what's happening in the SDA market in South East QLD.
A lot has changed since the new SDA prices were released in July, giving the market throughout Australia a major boost in terms of financial viability to develop better Specialist Disability Accommodation in areas that have been under-serviced or inadequately serviced.
For the last year or so, we have been talking about many parts of South East QLD being oversupplied with SDA, or at least oversupplied with certain types of SDA builds. Additionally, as the industry has matured, the right and wrong types of SDA builds and construction have really become evident. Many of the original SDA builds were built to barely meet the SDA design standards, with no consideration for building above and beyond to meet Participants' and Providers' needs and requirements. This is becoming clear when looking at tenancy levels in a lot of properties that are built to house 2 or 3 or more participants, but have just one tenant, or the data from areas that have a high percentage of Participants who are living in SDAs but are looking to move.
The discussion focuses on how the design and quality of the builds and builders' understanding of the market is paramount in developing high-quality and future-proofed SDAs that will last the test of time. Minh, Debbie and Elizabeth also talk about how it is vital to understand the entire investment opportunity from a focused research perspective and a Participant-centric angle.
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Our goal is to see Participants with high-needs disabilities being appropriately housed in accommodation that is right for them. Purpose-built homes promote opportunities for social and economic participation, enhance self-determination, and create conditions for Participants to lead vibrant, safe, and independent lives.
Please feel free to call us at 1300254397 to talk to one of our friendly staff, otherwise, pop on over to our website to find out more info at www.ndispropertyaustralia.com.au
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