Tarneit, VIC, 3029, Australia

Investors Note

Invest in this high-demand SDA location and achieve more with up to 20% gross yield and TPI of $193k.

SDA providers are calling out for more new homes in prime locations.


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.


Land Tax Exception

SDA Investment properties in VIC now enjoy Land tax exceptions! Speak to a Meridien Group team member for further details and how this might benefit you.

Location

Tarneit, a gem in Melbourne’s CBD vicinity, is known for its beautiful landscapes, a blend of modern and spacious properties, and excellent amenities. This suburb is perfect for those who appreciate the tranquillity of the suburbs with easy access to the city life.

Located in the western suburbs, Tarneit has experienced rapid growth and transformation over the past decade. With its strategic location near public transportation and numerous amenities, it is poised to continue thriving and is anticipated to be one of the fastest-growing areas in the Greater Melbourne region in the coming years.

Accessibility to Melbourne’s CBD and surrounding local area makes Solara Rise a standout choice for an SDA home. Solara Rise offers the perfect combination of comfort, convenience, and a sought-after lifestyle, with easy access to medical facilities, transport, employment, education, and retail precincts.


What’s Nearby

• 3.8 km from Kingswim Swimming Pool
• 4.6 km from Valetta Street Medical Centre
• 5.5 km from Coles Clyde North
• 5.7 km from Shopping on Clyde
• 5.8 km from Casey Medical Centre
• 6.6 km from Selandra Rise Shops
• 6.7 km from Clyde North Medical Centre
• 8 km from Cranbourne Indoor Swimming
• 14.3 km from Monash Health - Casey Hospital
• 14.5 km from St John of God Berwick Hospital
• 55 km from Melbourne CBD


About the Property

- House and land package | 2-part land and build contracts
- Land area | 312sqm
- Build area | 179sqm
- Due to Title Feb 2025
- 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 Melbourne.

Participants with SDA funding in use: 122
Participants with SDA funding, SDA not in use: 55
Participants with SDA funding: 177
Additional Participants eligible for SDA: 18
Total Participants with SDA funding or a SDA need: 195


The Key Numbers

As of July 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 - $85,746 per participant
MRRC - $12,058 per participant
Location Factor - 0.97
Potential Total Income | $195,608
Potential Yield – 20%


Improved Liveability

SDA Income - $71,344 per participant
MRRC - $12,058 per participant
Location Factor - 0.97
Potential Total Income | $166,804
Potential Yield – 17.1%

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


Ready to get started?

- Reserve this property with a $5,000 Expression of Interest

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 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.