Strategy & vision
This project is to construct 5 Specialist Disability Accommodation (SDA) Villas in the Toowoomba suburb of Newtown. Current demand for SDA in Toowoomba is outstripping supply, with more than 150 NDIS participants expected to be seeking appropriate SDA housing in the future according to the NDIS Demand tracker.
The development at 128 Taylor Street includes 5 Villas designed for Robust Participants. Each villa will comprises 2 bedroom, 2 ensuites, study, open kitchen/living area and European Laundry. A room for an onsite overnight carer will be retained in one of the villas. Aruma Services Limited will be the SIL provider (Supported Independent Living).
Newtown is a suburb located in the city of Toowoomba, Queensland, Australia. Toowoomba is known as the “Garden City” and is situated on the Darling Downs, approximately 125 kilometres west of Brisbane. Newtown is situated to the northwest of Toowoomba’s central business district and offers a range of amenities and services to its residents.
The suburb is known for its family-friendly atmosphere and proximity to schools, parks, and shopping centres. Like much of Toowoomba, Newtown benefits from the city’s well-regarded educational institutions and healthcare facilities.
Exit strategy
The borrower will be selling the project on completion, with an agreement in place to exit with financial services and wealth management group Australian Unity.
The borrower & project team
UNITED HOUSING GROUP PTY LTD – Directors, Ryan Glaser & Cheyne Cooke
UHA is a specialist property development and management firm that provides innovative housing solutions to improve the lives of Australians living with disabilities, particularly those funded through the National Disability Insurance Scheme. Previous experience includes 2 x completed Specialist Disability Accommodation (SDA) projects in Toowoomba. They have a vision to deliver $144m in the SDA space in 10 years.