PRESTON
MELBOURNE
PURPOSE-BUILT SDA LIVING IN THE HEART OF PRESTON – WHERE INNOVATION MEETS INCLUSIVITY
Preston, located 9 km north of Melbourne’s CBD, is a dynamic and multicultural suburb known for its diverse community, thriving food scene, and excellent transport links. It features a mix of heritage homes, modern apartments, and townhouses, making it a popular choice for families and professionals.
The suburb is home to the bustling Preston Market, the lively High Street café and dining strip, and Northland Shopping Centre, offering a range of retail and entertainment options.
With numerous parks, quality schools, and strong public transport connections, Preston strikes a balance between urban convenience and suburban charm, making it one of Melbourne’s most sought-after areas.
Project Details
8 x 2 Bed SDA, 10 MTA Bed Facility, 4 Allied Health Suites
A purpose-built facility offering eight Specialist Disability Accommodation units, a 10-bed Medium-Term Accommodation wing, and four on-site allied health suites.
Construction Has Begun
Building is underway, providing confidence and momentum for timely project delivery.
Completion Date: May 2025
Project is on track for completion by May 2025, offering a near-term opportunity for investors and operators.
HPS Certified SDA Design
The development meets High Physical Support design standards, ensuring accessibility and support for complex care needs.
SDA, SIL, STA & MTA Provider Sourced
A full care model is already in place, with specialist providers secured for SDA, Supported Independent Living, Short-Term, and Medium-Term Accommodation.
Suitable for STA, MTA, IL, FA & HPS Participants
Designed to accommodate a broad range of NDIS participant needs, from short stays to high-support living.
Purchased Price: $16,650,000
Entire offering available for acquisition at $16.65 million, representing strong value in a growing sector.
Estimated Net Yield: 7.5% p.a. (approx)
Projected to generate an estimated 7.5% net yield annually, providing attractive returns in the disability housing market.
SDA Demand
Darebin North, SA3 Region
Preston belongs to the Darebin North SA3 region
176 SDA Participants
34 Participants seeking SDA (not using their funding)
142 SDA participants currently reside in an SDA dwelling
72 enrolled SDA dwellings (19 HPS, 24 FA, 7 IL, 13 ROB, 9 Basic)
129 Existing and Legacy SDA places (likely to be defunded in the future)
Total of 212 places (of which 129 places are in legacy and/or group homes and will likely need rehousing in coming years)
Projected Demand of 197+ SDA funded participants within the Darebin North SA3 region by 2027.
* Data as of 30th June 2025 – NDIA Quarterly Report 2024-25 Q4, Supplement
Explore the Preston Information Memorandum
Review property features, projected returns, and location benefits in our interactive flipbook.