Yes, there is a substantial and growing demand for Specialist Disability Accommodation (SDA) housing in Australia. The latest data and projections paint a clear picture of this increasing need:
Current Demand
As of September 2023, there were 23,227 active NDIS participants with SDA supporrepresents a significant 15% annual increase over the past three years, indicating a strong and consistent growth in demand for specialised housing
Projected Growth
The National Disability Insurance Agency (NDIA) has provided long-term projections for SDA demand:
- By June 2042, it’s estimated that approximately 36,700 participants will require SDA.
- This projection represents an average annual growth rate of 2.4% from June 2022 to June 2042.
Supply Gap
Despite the growing number of SDA properties, there’s still a considerable gap between supply and demand:
- As of November 2021, there were 8,299 enrolled SDA dwellings.
- This indicates a significant shortfall in available SDA properties compared to the current and projected demand.
Factors Driving Demand
Several factors contribute to the increasing demand for SDA housing:
- Expanding NDIS coverage across Australia
- Growing awareness of SDA options among eligible participants
- Shift from group homes to more individualized living arrangements
- Increasing need for specialized housing designs, particularly in the high physical support category
Investment Opportunities
The substantial demand for SDA housing, combined with government funding and long-term projections, presents attractive investment opportunities. The SDA market offers potential for stable, long-term returns, with the added benefit of contributing to a critical social need.In conclusion, the demand for SDA housing is not only present but is expected to grow significantly in the coming years. This demand, coupled with government support and investment potential, indicates a robust and expanding market for Specialist Disability Accommodation in Australia
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