East Corrimal, VIC
- Project: 3 x 3 bedroom townhouses
- Loan amount: $1,580,000
- Total loan facility: $3,050,000
- Project term: 18 months
- Target return*: 8.5% p.a.
Project vision
This project is to build three 3-bedroom townhouses in Wollongong’s East Corrimal suburb. Completion of the project is set to be 18 months from settlement.
Nestled within the picturesque Illawarra region of New South Wales, Australia, East Corrimal is a tranquil coastal suburb embraced by the city of Wollongong. Situated approximately 67 kilometers south of Sydney, this charming locale boasts the breathtaking Corrimal Beach as its centerpiece. With its golden sands, renowned surf spots, and inviting community parks, East Corrimal offers an idyllic blend of relaxation and vibrant lifestyle opportunities.
Primarily residential, the suburb caters to a diverse demographic, from families to professionals and retirees, offering an array of housing options ranging from cozy established homes to contemporary developments. East Corrimal’s intimate commercial hub provides essential amenities, while its close proximity to Wollongong ensures convenient access to a wider range of services and employment prospects.
The first phase of this project will be raising $1,580,000 for refinancing the current loan, with subsequent phases to be used for construction.
Project developer
Assured Projects, spearheaded by Fergus Stokes, specialises in acquiring expansive properties in Wollongong with the aim of developing 3 to 7 residences. The company strategically targets CDC corner lots in established markets and properties with development challenges in burgeoning areas. Drawing upon Fergus’s expertise in engineering and surveying, Assured Projects has successfully executed deals in East Corrimal, with a clear trajectory towards transitioning into full-time property development.
This project is launching soon, register now to ensure you’re ready to invest in this project.
Newtown, QLD
- Project: 3 Villas
- Loan amount: $210,000
Total loan facility: $2,280,000
Project term: 15 months
Target return*: 8.5% p.a.
Project vision
This project is to construct 3 Villas in the Toowoomba suburb of Newtown. The initial raise for settlement will be $210,000 with subsequent phases used for construction.
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 kilometers 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 centers. Like much of Toowoomba, Newtown benefits from the city’s well-regarded educational institutions and healthcare facilities.
Project developer
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 completed SDA deals in Toowoomba. They have a vision to deliver $144m in the SDA space in 10 years.
This project is launching soon, register now to ensure you’re ready to invest in this project.
Glenroy, VIC
- Project: Construction and conversion to 2 x 6-bed co-living houses
- Loan amount: $450,000
- Total loan facility: $1,340,000
- Project term: 18 months
- Target return*: 8.5% p.a.
Project vision
This project is to build two six-room co-living rooming houses in Melbourne’s Glenroy suburb. It has two stages — land acquisition (already completed) and construction. Completion of the project is set to be 15 months from settlement.
The project is situated in Glenroy, VIC, 13km north of Melbourne’s CBD. Very close to amenities, train, and employment hubs, it’s designed to fill a demand in the growing ‘couples tenant’ market.
The development will be finished as ‘turn-key’, complete with fully furnished rooms including a kitchenette and ensuite. As rooming houses, they also feature a common kitchen and living areas and an onsite laundry.
Project developer
Cheryl Leong | Sahara Madhi | Matthew White
Massive Impact Co. was formed to provide safe, affordable housing for the community as well as give the everyday investor access to high cash flow investments. Sahara and Matthew are known as Melbourne’s rooming house experts having completed over 100 rooming house projects. They also own nine rooming houses and are licensed operators.
Cheryl is a developer and social entrepreneur who endeavours to combine purpose and profit to deliver projects that make a difference. Together they form a formidable team that is passionate, innovative and driven to deliver results and make a massive impact on others.
This project is launching soon, register now to ensure you’re ready to invest in this project.
