Mandurah, WA HPS SDA Sold without Tenancy
Annual gross income
The property was sold untenanted, so there was no confirmed income at the time of sale. However, based on SDA pricing for High Physical Support in the area, the estimated gross income potential remains up to $100,000+per year per participant. Time-to-tenancy is a key risk factor in this asset class.
Background
This High Physical Support, SDA-compliant home in Mandurah, WA was a newly completed turnkey build, sold for $890,000 in 2024. At the early stages, the SDA provider connected to the property indicated two potential participants were lined up. However, the deal was not subject to tenancy, and delays in the finance process meant those original participants were no longer available by the time of settlement.
Challenges
Significant finance approval delays complicated the deal timeline
Promised tenancy did not eventuate, due to changing circumstances during the extended lead-up to settlement
Solution
We managed buyer and seller expectations during repeated delays
Focused on the long-term potential and clarified the SDA model to interested parties
Ensured both sides remained aligned even as tenancy prospects changed
Result and Impact
The property successfully settled in 2024, giving the seller a clean exit and positioning the buyer for strong returns — pending future tenancy. It serves as a case study in how patience and perspective are essential when dealing with NDIS property.
Insight and Expertise
NDIS properties don’t follow traditional real estate rules. They come with complexity, but also with long-term upside for those who understand the space. In this case, we navigated delays, shifting expectations, and tenancy uncertainty — and still delivered a settled deal in a tricky environment.
