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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 246 - JARRA PROPERTY: Michael Cameron
In this episode, we have Michael Cameron, from Perth based property investment business, Jarra Property. Minh interviews Michael about their business operation, and what they do as SDA property developers and fund managers!
Michael explains their past property investment funds launched in SDA, across Perth, while also talking about their recently launched fund - JARRA INVESTMENT TRUST TWENTY EIGHT. The fund has been established in partnership with leading Western Australian care provider IdentityWA (an agency of the Catholic Church), who support approximately 400 Western Australians living with a disability and their families. The fund is building 16 houses around Perth, within a 15km radius of the CBD. The houses be leased to Identitywa, to provide high quality, contemporary homes for people to whom they provide care and support services.
For investors who qualify as 'wholesale investors' this is a great opportunity to participant in a managed SDA investment. Please listen to this episode to hear how JARRA PROPERTY are doing things differently in the property development space of SDA.
A snapshot of the fund is as follows:
- Properties: the fund will develop 16 houses across eight suburbs of varying demographic profiles. They have secured the land for all but one of the houses.
- Leasing: pro forma lease (10 year lease + 2 x 5 year options) agreed with IdentityWA.
- Construction: the houses have been priced by three separate builders. Their project manager is also a registered builder and is delivering houses for IdentityWA (same spec and configuration). He has a good handle on construction costs.
- Exit/Valuation: Jarra thinks that the WA residential market will outperform over the next 5 years – this would be a positive for valuation assumptions.
- Investment Structure: investor development related risk is limited due to satisfactory DD (including IdentityWA sign-off), a signed AFL and acceptable construction costs all obtained prior to introducing a property to the fund.
- Investor returns: Target IRR of 13.0% (pre-tax and post fees) including +10.0% cash distributions to investors post construction, representing a 1.75x cash multiple of equity invested over the five (5) year investment term.
- The expected returns are attractive and the opportunity ticks a lot of boxes as a socially responsible investment.
For more information, please goto website - www.jarraproperty.com
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CONTACT:
Please feel free to call us on 1300 254 397 to talk to one of our friendly staff, otherwise, just pop on over to our website to find out more.
For any podcast related queries or suggestions, please contact our podcast team via podcast@ndis.property