By Neena Bhandari
Sydney, 07.07.2022 (The Urban Developer): Delays in funding approvals, rising vacancy rates and lack of clarity on demand for specialist disability accommodation (SDA) are among the challenges facing providers and investors in the sector. By 2027, the specialist disability accommodation asset class is projected to be valued at around $12 billion.
Seventy-eight percent of SDA providers said the time taken by the National Disability Insurance Agency to make SDA decisions was extremely challenging while 48 per cent said it took at least six months to fill a single vacancy. The recent findings, by the Summer Foundation and Housing Hub, surveyed providers representing about half the total current value of the SDA market—approximately $1.5 billion.
“Any providers mobilising new tenancies for SDA participants [people with disability qualifying for specialist housing paid for by the National Disability Insurance Scheme] over the past 18 months would have experienced significant vacancies, especially those providing single residency high physical support (HPS) apartments,” AccessAccom’s managing director Matthew Valenti says.
On the cusp – What’s holding back SDA
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