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The SDA HOUSING Podcast
"The SDA HOUSING Podcast" is brought to you by the team at NDIS PROPERTY AUSTRALIA. Whether you are listening as an Investor, Provider, Builder, Developer or Participant, we cover a wide range of topics informative to any audience. We discuss how we work with all stakeholders in sourcing and delivering new dwellings which are SDA compliant, to general information about the NDIS, and statistics about Specialist Disability Accommodation (SDA) in the NDIS sector. We regularly have guest speakers each week from other organisations to talk about their involvement in the SDA sector, and how they contribute to the social impact of SDA, building homes that are fit-for-purpose, while giving NDIS participants the "Choice and Control" over how, where and with whom they live. As we are learning and adapting to an evolving world of SDA in the NDIS sector, we want you, our listeners, to come on the journey with us so that you too can contribute and make a social impact for People With Disabilities (PWDs). If you would like to share your SDA journey with us, we welcome you to contact us to tell your story. Please feel free to call us on 1300 254 397 to talk to one of our friendly staff, or email us - podcast@ndis.property. Otherwise, just pop on over to our website to find out more info on what we do - www.ndispropertyaustralia.com.au
The SDA HOUSING Podcast
EPISODE 233 - Single Contracts: Alternative options for SMSFs
This episode delves into the complexities and costs associated with Single Contract SDA options for SMSF purchasers, emphasizing the financial aspects, developer roles, legal complexities, and the importance of seeking independent financial advice. It also discusses new developer options that aim to simplify the process and reduce costs for investors. Overall, the content provides valuable insights into navigating the intricate landscape of SMSF SDA transactions.
SDA Options for SMSF
The discussion revolves around Single Contract SDA options for SMSF purchases, highlighting the complexities and costs involved in converting two-part house and land contracts into single contracts. New developer options that simplify this process are also mentioned.
Financial Implications
The financial aspects of SDA purchases through SMSF are detailed, including deposit requirements (25-35%) and additional costs (around 20%). A significant capital outlay of up to $500,000 within SMSF is suggested for a comfortable transaction. However, the minimum deposit one would expect to have for SMSF purchases would be $300,000 as an entry point to determine if you would qualify, for a house package (that is already one contract).
Developer and Builder Roles
Developers and builders play crucial roles in the SDA market by offering new options that reduce costs and complexity. Some developers are capable of handling the entire process, offering more straightforward, less expensive alternatives.
Legal and Process Complexity
The call highlights the legal and procedural complexities involved in SMSF SDA transactions, involving multiple parties and lawyers, which can lead to delays and increased costs.
Advice on Financial Planning
The importance of seeking independent financial advice is emphasized, especially cautioning against advisors who might have conflicts of interest by selling investment packages while advising.
For any podcast related queries or suggestions, please contact our podcast team via podcast@ndis.property
www.ndispropertyaustralia.com.au