National Disability Insurance Scheme (NDIS)
Our Star Project
Streamlined Paperwork and Application Process
Turnkey Units Available
Background – Creation of NDIS
- 2014 – Introduced by Prime Minister Gillard’s government – funded by 1% increase to Medical Levy – $30 Billion.
- 12/2017 – Commenced in Western Australia.
- NDIS developed to accommodate and care for physically and/or mentally impaired Australians.
- Estimated 1,500 new Participants requiring accommodation in WA.
- An additional 1,500 Participants currently living in accommodation not meeting NDIS certified design standards and due to close within 3 years
- A Participant is the term within NDIS for the Patient/Residents admitted to the dwelling.
- The care provider can not own the dwelling so a partnership is form within an agreement.
- MyHOME is the “CARE PROVIDER”.
NDIS WA Landscape
- Current operators are not for profit – not commercial or professional in structure and operations.
- Receive 1/3 of NDIS funding until re-registering under new legislation.
- 3 year time limit provided to re-register.
- Accommodation offerings are old and inadequate, not meeting the government legal requirements.
- Accommodation offerings have long lease terms attached and can not be broken.
- Their existing Participants are free to transfer to our new accommodation
The NDIS will provide a significant opportunity for WA – with potential to trigger large-scale economic growth and job creation.
By 2020, the disability sector is forecast to generate $2.7 billion worth of economic activity in the state. This includes $1.8 billion of income and the equivalent of 20,144 direct and indirect full-time jobs.
Availability of the NDIS will see increased demand for a wider range of services in WA. Total funding in the state for disability support and services is expected to increase by 92% to $1.7 billion:
- Coordination and individual support – up 95% to $286 million
- Community-focused support – up 93% to $648 million
- Family support – up 91% to $170 million
- Accommodation support – up 90% to $638 million
Future of Current Operators
- Most expected to close.
- Participants able to leave old accommodation and move to the new.
- Transfer of Participants expected to be 1,500 people. Additional to the above.
Highlights of NDIS for Investors
• Return on investment – 10-18% subject to land and build cost
• Long term lease with Commonwealth government
• Gross earnings average $60,000 per annum
• Home purpose design and built by award winning New Generation Homes
• CPI annual adjustments to rental
• Administration requirements undertaken by operator
- 2 cars lock up garage and 2 car bays
- Open plan living with alfresco
- Landscape and boundary fencing
- Floor covering throughout
- Internal wall painting
- Blinds to windows
- Interiors colour consultant