While NDIS housing promises attractive yields, it still needs to be evaluated with the same level of scrutiny as any other investment. Here are some key considerations:
1. Research Market Demand and Supply: Understand NDIS property demand and supply dynamics in different locations. Target areas that face an undersupply of approved NDIS dwellings.
2. Educate Yourself on NDIS Rules and Guidelines: Learn about housing types, accessibility requirements, modifications, policy changes, and trends related to NDIS investment properties.
3. Finance Appropriately: Specialized NDIS property loans are available for both purchases and construction costs. Prepare for higher deposits (around 30-35%) and factor in stamp duty valuations and concessions for disability accommodation across different states.
4. Choose a Location Wisely: Consider infrastructure, local demand, and accessibility when selecting an NDIS investment property.
5. Manage for Success: Once you’ve acquired the property, manage it effectively to achieve strong rental yields while providing much-needed housing for NDIS participants.
Remember that thorough due diligence is essential to make informed investment
decisions in the NDIS property market.