Cleveland, QLD, 4163, Australia

Investors Note

Invest in a high demand SDA location and achieve more with up to 15.7% gross yield and TPI of $186k.

SDA providers are calling out for more new homes in SE QLD.


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

This is prime opportunity to purchase an SDA-NDIS investment property which ticks all the boxes for future capital growth and for securing SDA approved tenants. Be warned, this opportunity is extremely rare will not last long.

Cleveland is a bustling coastal suburb 35 km Southeast of the Brisbane CBD, adjacent to the marine wonder of the Moreton Bay. The area attracts hurds of tourist every year to relish in the marine playground, to relax along the coastline and to dine in casual restaurants and bars.

From a NDIS perspective the area offers a lifestyle like no other while being extremely close to hospitals and medical facilities. From this property a short 3 min drive is the Redland Hospital which is the major health centre for Redland City and Brisbane’s southern bayside suburbs.

The property is close to everything Cleveland has to offer, including shopping malls, cafes, restaurants, bars and a marina. The Cleveland rail station is only 2.4 km away, making the commute to Brisbane seamless. This along with good road networks has boosted the suburb's desirability.

The lifestyle in Cleveland is like no other; Cleveland is where you catch the ferry to access the delights of North Stradbroke, beaches, camping and whale watching. The suburb boasts a beautiful foreshore leading up to the Old Lighthouse which offers a lovely walking opportunity. There are many parks, bushlands and water-based opportunities for those keen to keep fit and find adventure.

Cleveland offers a good choice of private and state schools with Cleveland State School, Cleveland District State High School, Star of the Sea Catholic Primary School along with Sheldon College and Ormiston College being well known private schools.

The area has fostered a diverse economy, with strong industry sectors including agriculture, tourism, manufacturing, health, and education. It is no wonder the population is growing rapidly, with an increase in population projected to continue in the coming years.


What’s Nearby

• 77 m from the bus stop
• 1.4 km to Goleby Esplanade Foreshore walking path
• 1.8 km to Manning Esplanade Dog Off Leash Area
• 1.9 km to Redland Bay hospital
• 2.4 km to Cleveland Central Medical Centre
• 2.4 km from the Cleveland railway station
• 2.5 km from Mater Private Hospital Redland
• 2.9 km to Oyster Point Park overlooking the Moreton Bay
• 3 km to Cleveland Central Shopping Mall
• 3.2 km to Cleveland main high street, including shops, services, restaurants and bars
• 3.6 km to Raby Bay Harbour & Park
• 5.6 km to Old Cleveland Lighthouse and ocean viewing point
• 34.5 km from the Brisbane CBD


About the Property

- House and land package – 2-part land and build contracts
- Land area: 400m2
- Build area: 218m2
- Build Now | Registered Land
- High Physical Support SDA | 3.3.2.2 | 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 QLD.

Participants with SDA funding in use: 31
Participants with SDA funding, SDA not in use: 36
Participants with SDA funding: 67
Additional Participants eligible for SDA: 13
Total Participants with SDA funding or a SDA need: 80


The Key Numbers

As of June 2024, 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 - $81,326 per participant
MRRC - $12,058 per participant
Location Factor - 0.92
Potential Total Income | $186,768
Potential Yield – 15.7%

Improved Liveability

SDA Income - $67,667 per participant
MRRC - $12,058 per participant
Location Factor - 0.92
Potential Total Income | $159,450
Potential Yield – 13.4%

*Please note that these numbers are based on 2 participants only. Pricing is current as at June 2024 and is as per published SDA schedules.


Ready to get started?

Get in touch to discuss the buying terms...

- $5,000 Expression of Interest
- $22,250 on Finance Approval
- 28 day Finance Clause

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.