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NDIS Quarterly Report – Now With Exciting SDA Data
The latest Quarterly report (Quarter 1, 2019/20 FY) has finally included some detailed data about Specialist Disability Accommodation (SDA). This is a further encouraging development following the market data release in October. The data shows some positive developments in the SDA market. Here is what the data tells us (data as of 30 September):
According to the data, the average SDA payment is $10,000 per annum. The report states that this is reflective of “the high level of existing stock, with lower average annual price compared with new builds”.
The total financial commitment has grown from $80M (June 30) to $93.5M (September 30). This reflects the fact that 678 additional Participants were approved this quarter. However, the average payment for these 678 Participants jumps to $20,000, which indicates that there are some non-legacy / existing Participant approvals in the mix. This aligns with what DSC has been hearing about the increased flow of SDA approvals for new SDA properties.
The data indicates a rapid growth in registered dwellings. They have gone up from 1,679 in June to 2,243 by the end of September. The information also suggests that 14% of dwellings are either new or refurbishments. Troublingly, as of September, WA and SA still have nil enrolments however the information notes that registrations in both of these states will commence soon.
It is also important to note that the registered SDA Building Type and Design Category data has been expanded to now include a breakdown of legacy, existing and new build registrations (and category). The data goes down to Statistical Area Level 4 regions. This can be found in Appendix N of the report.
There are also some very encouraging statements in the report (with the possible exclusion of the first point). Here is an extract from the report:
The NDIA is undertaking a range of initiatives to increase options for Participants. This includes:
In recent months we have seen a real optimism finally emerging within the SDA market. Releasing information such as this is really needed as it helps to build faith in the market.
We are now eagerly awaiting the outcomes of the SDA framework review hopefully revealed in early December. If the review includes recommendations that provide more certainty about payment levels into the future, then I think we will finally have the foundation necessary for the SDA market to gain significant traction in the coming years.
By Brent Woolgar