38 Hickling Road

Tarneit VIC 3029

What is SDA?

Specialist Disability Housing is housing that has been specially designed to suit the needs of people with a disability who have an 'extreme functional impairment' or 'very high support needs'. The specialised features of an SDA property are intended to support the resident(s) to live as independently as possible and in so doing reduce their lifetime support costs.

Specialist Disability Housing offers investors a very high yielding asset. For more information get in contact with us today.

Location

Located just half an hour from the Melbourne CBD, Emerald Park is a master-planned estate with over 1350 residential lots. The vision is to create a unique community-focused estate complemented by the Tarneit train station as well as Primary and Secondary schools and established Shopping Centres close by.

Residents can enjoy one of the largest parkland precincts in the area plus soon take advantage of future attractions which includes a huge indoor/outdoor recreation facility, a new medical clinic and childcare centre.

What's nearby:

- 29 acres of sporting facilities
- Medical Centre and Childcare Centre coming soon
- You can be in the Melbourne CBD by car or train in less than half an hour
- 900 m from Wimba Primary School
- 2 km from Tarneit Gardens Shopping Centre
- 2.5 km from Tarneit P-9 College
- 3.1 km from Tarneit Central Shopping Centre
- 3.2 km from Tarneit Central Medical Centre
- 3.6 km from Tarneit Station
- 6.4 km from Wyndham Village Shopping Centre
- 7.5 km from Pacific Werribee Plaza Mall
- 7.7 km from Westbourne Grammer School
- 11km from Werribee Mercy Hospital
- 19 km from Sunshine Hospital

About the Property

- House and land package - 2-part land and build contracts
- Land area: 345m2
- Build area: 179.2m2
- Titled Land | Ready to start building now!
- High Physical Support SDA | 3.3.2 | 2P + OOA
- Full turnkey
- Fast build times
- Total support throughout the build and tenanting process!

Demand

The data confirms what the SDA providers are telling us. They need more new SDA homes in SE Melbourne.

Participants with SDA funding in use: 108
Participants with SDA funding, SDA not in use: 72
Participants with SDA funding: 180
Additional Participants eligible for SDA: 3
Total Participants with SDA funding or a SDA need: 183

The Key Numbers

As of July 2023, the SDA pricing was increased, this includes High Physical Support, Improved Liveability, Fully Accessible, and Robust. For an in-depth explanation of the new pricing, talk to our sales team.

High Physical Support

SDA Income - $86,697 per participant
MRRC - $11,842 per participant
Location Factor - 0.97
Potential Total Income | $197,078
Potential Yield - 21.6%

Improved Liveability

SDA Income - $72,685 per participant
MRRC - $11,842 per participant
Location Factor - 0.97
Potential Total Income | $149,572
Potential Yield - 16.4%

*Please note that these numbers are based on 2 participants only. Pricing is current as at March 2023 and is as per published SDA schedules.

Ready to get started?

Get in touch. You can secure this property with just $2,000 initial deposit. Make your move soon though as this is going to sell quickly.

Disclaimer

We have in preparing this information used our best endeavours to ensure the information that has been provided is true and accurate. The images and renders provided in this listing by the builder are for illustrative purposes only. They may contain fixtures, furniture or finishing not available for this design. Clients need to refer to the building contract for specific details on specifications and inclusions specific to any property. Specifications and inclusions are subject to change over time. Meridien Group does not accept any responsibility for variations to specifications ad inclusions made by the builder. Financial information is an estimate only and is not warranted or guaranteed. Refer to investment reports for specific details.