George Town, TAS
- Project: Construction of 4 townhouses
- Loan amount: $140k
- Total loan facility: $780k
- Project term: 15 months
- Target return*: 8.25% p.a.
Project vision
We’ve been talking about this project for a while, but it’s had a minor hold up with some approvals from Tasmania water. We’re literally in the ‘any day now’ phase and we’re excited to fund this project and work with the developer — George Town is an exciting development market!
This project is to construct four townhouses in the Tasmanian suburb of George Town. Completion of the project is set to be 15 months from first drawdown.
Situated on the coast 30 minutes north of Launceston, and close to the beach (about 20 mins to Bell Bay), George Town has a number of attractive features. A diverse and high demand market, this area appeals to couples and families of all ages. This suburb contains several quality schools, as well as day care and childcare centres, and has seen a significant increase in interest from young families looking to move into the area. Further growth is expected in George Town, which is slated for significant investment in the renewable energy sector.
Project developer
Developer Michael Ta has been heavily involved in property and construction for more than two decades. Michael currently owns and operates his own construction company, as he has done for over 20 years. He has an extensive understanding of both the Melbourne and Tasmania property markets, having completed projects as large as 25 townhouses previously.
Is George Town a green energy boom town? Find out more in our article: Boom town? An introduction to George Town, Tasmania.
This project is launching soon, register now to ensure you’re ready to invest in this project.
Deagon, QLD
- Project: Construction and conversion to 5-bed co-living units
- Loan amount: $317,000
- Total loan facility: $742,000
- Project term: 15 months
- Target return*: 8.25% p.a.
Project vision
This project is to build a five-room co-living house in Queensland’s Deagon suburb. It has two stages — land acquisition and construction. Completion of the project is set to be 15 months from settlement.
Deagon is a hidden gem, more affordable than nearby suburbs but with all the benefits of a beautiful bay, bush and nearby history. Most parts of Deagon are within a short walk to Sandgate and the bay but without the price tag of pricier suburbs nearby. With some great hidden cafes, two nearby shopping centres, plus a varied selection of restaurants and bars close by, Deagon offers plenty for young professionals living in the area. Only 30 minutes to the city via train, the area also benefits from having the Gateway Motorway on it’s doorstep.
The fund raise for phase one is for $317,000 to be completed in February 2023.
Project developer
Having worked in property for more than two decades, project manager Dave Ward has extensive experience in this space. As a buyers agent, he has acquired over 500 properties for clients to assist in establishing and managing property portfolios. Having personally completed large scale developments in both the residential and commercial sectors, as well as managing 17 small-lot subdivisions where additional dwellings have been constructed for sale or held, similar to this development, Dave is well suited to deliver this project.
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*: 8.25%
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 kitchenette and ensuite. As rooming houses, they also feature common kitchen and living areas, and an onsite laundry.
The fund raise for phase one is for $450,000 to be completed in February 2023.
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 that 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 making a massive impact to others.
This project is launching soon, register now to ensure you’re ready to invest in this project.
