qld affordable housing consortium ltd and the dna partnerships l.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Qld Affordable Housing Consortium Ltd and the DNA Partnerships PowerPoint Presentation
Download Presentation
Qld Affordable Housing Consortium Ltd and the DNA Partnerships

Loading in 2 Seconds...

play fullscreen
1 / 26

Qld Affordable Housing Consortium Ltd and the DNA Partnerships - PowerPoint PPT Presentation


  • 428 Views
  • Uploaded on

Qld Affordable Housing Consortium Ltd and the DNA Partnerships CALL FOR 15,000 DWELLINGS www.dnapartnerships.com.au www.qahc.asn.au Call For 15,000 Dwellings NRAS Round 3 is Open and the Consortium has already submitted over 3,000 dwellings

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

Qld Affordable Housing Consortium Ltd and the DNA Partnerships


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
qld affordable housing consortium ltd and the dna partnerships

Qld Affordable Housing Consortium Ltd and the DNA Partnerships

CALL FOR 15,000 DWELLINGS

www.dnapartnerships.com.au

www.qahc.asn.au

call for 15 000 dwellings
Call For 15,000 Dwellings
  • NRAS Round 3 is Open and the Consortium has already submitted over 3,000 dwellings
  • Our priority States are NSW, Victoria and South Australia [But we welcome proposals from across Australia]
  • The Consortium will lodge a minimum submission of 1,000 Dwellings per month, every month until September. We package small and medium sized sites as well as large sites to meet the minimum 1,000 dwellings per submission
  • All dwellings must be ready to let by June 2012
  • Call Mike on 0438 112 553 or Robin on 07 3844 9947
examples of approved stock
Examples Of Approved Stock

14 x 3 Bedroom Townhouses

  • 5 schools within 2 km, closest 300 m
  • Bus service located 300 m to property
  • 11 km from Brisbane CBD
nras a supply side intervention
NRAS – A Supply-Side intervention
  • Supply shortfall of 200,000 dwellings by 2013 [NHSC -2009]
  • NRAS is an industry policy response to drive supply of at least 50,000 new rental homes
  • Tax Free Incentives of $8,672 [indexed] per dwelling / per year for 10 years stimulates new investment
  • NRAS improves affordability for working families by providing a minimum 20% discount to market rents for the 10 year NRAS period. [25.1% in our Model]
quality in design and production
Quality in design and production

39 x 1-3 Bedroom Apartments

  • 6 schools within 2 km, closest 500 m
  • Train service located 1.1 km from property
  • 1.5 km from Caboolture CBD
nras is a market product
NRAS

Market designs and type

Market built

Normal Market valuation

Privately owned

10 years in NRAS

Market based rent – discounted and indexed

Private rental tenants with improved tenant choice

Diversified portfolio and integrated delivery within mainstream developments and infill sites

NRAS is a market product
traditional stock within a larger developments
Traditional stock within a larger developments

28 x 4 Bedroom

Houses

  • 12 schools within 6 km, closest 2 km
  • Bus service located 3.3 km to property
  • 3.4 km from Caboolture CBD
nras who are the tenants
NRAS – Who are the tenants

1.5 million eligible households underpins strong demand

Key workers: Childcare workers, firefighters, nurses and hospital support workers, teachers, public transport workers, local council workers, community workers.

Many workers on award wages. Part time and casual workers

Over 55’s on low to moderate incomes

NRAS can assist economic outcomes eg hospitality and retail workers in tourist areas

Single Adult $41,514

2 Adults $57,391

Couple + I child $71,159

Single + 1 Child $57,432

Couple + 2 Children $84,927

Single + 2 Children $71,200

Couple + 3 Children $96,695

Households that are NRAS tenants can earn 25% more than these limits and

still retain eligibility, promoting neighbourhood stability and orderly re-letting

new growth corridors close to jobs
New Growth Corridors close to jobs

31 x 4 Bedroom

Houses

  • 8 schools within 10 km, closest 2.3 km
  • Train service located 2.5 m walking distance
  • 29.4 km from Gold Coast CBD
what rents are considered affordable
What rents are considered affordable

Under the Consortium Model Investors receive the full $8,672 per year tax free income and provide a 25% discount in rents under ATO Charitable requirements

By mapping rents and income levels, we can demonstrates the Scheme’s is clearly targeted to working families. Discounted rents are simply not affordable to those on social incomes.

These are some examples of market and affordable rents under NRAS

$35,000 Single person Income = $250 market rent is $187 discount rent

$45,000 Household Income = $300 market rent is $225 discount rent

$55,000 Income = $400 market rent is $300 discount rent

$75,000 Income = $530 market rent is $397 discount rent

$85,000 Income = $600 market rent is $450 discount rent

$95,000 Income = $685 market rent is $515 discount rent

slide11
Universal Design Standards Apartments for retirees and also workers [particularly retail and hospitality]

Prospective Image

  • 241 Apartments in Total
  • 150 Available to NRAS
    • Studio
    • 1 Bedroom
    • 2 Bedroom

Google Map 20k

  • 1.8km from School
  • 0.1km from Transport
  • 0.1km from the water
how we facilitate your participation
How we Facilitate Your Participation
  • We provide information about NRAS and affordable housing to assist your decision making
  • Assess your proposed development projects to see if they:-
      • Meet Government Requirements
      • Can attract a pool of eligible tenants
      • Provides good investment values and returns
  • Make a Submission to Government for the Project
  • Provide any special assistance required for packaging and delivering the project
  • Undertaking marketing and sales through our Institutional Strength Investment Platform
  • Take a 10 Year Headlease over the dwelling
  • Allocate and supervise property management for 10 years
  • Facilitate access to the Tax Incentives and net income streams
regional centre s with good job prospects
Regional Centre’s with good job prospects

6 x 3 Bedroom Townhouses

9 x 3 & 4 Bedroom Houses

  • 8 schools within 15 km, closest 1.2 km
  • Train service located 1.4 km from property
  • 17 km from Gladstone CBD
stock selection type location and proportions
Stock Selection: Type, Location and Proportions

Locations are characterised by

Strong demand and rental stress

Good existing infrastructure, transport, services and jobs [Capital

Cities / Growth Corridors / strong regional cities]

NRAS stock is market stock.

It can be in master-planned communities, green-field or infill sites

Typically around 15 – 25% in house and land integrated in master-planned or green-field sites

50% in infill, or in some cases a full apartment block or townhouse development if integrated in the wider area

Housing types reflects household, demographic and market

supply factors:

Around 50% target for 1 and 2 bed dwellings and around

50% target for 3 and 4 bed dwellings

affordable housing where people want to live
Affordable housing where people want to live

31 x 1 & 2 Bedroom Over 55’s Apartments

  • Services and recreation on site
  • Bus service located 125 m walking distance
  • 12 km from Maroochydore CBD
slide16

DNA PartnershipsAn institutional strength aggregation product platform for supporting a legislated Commonwealth initiative – The National Rental Affordability Scheme (NRAS)

Governed by

DNA Mutual Ltd and administered by Integration Management and Communication Services Pty Ltd

slide17

NRAS ASSET TRANSACTION PROCESS

Sales to open market

Unitised Trust

Sales to open market

INSTO

DNA NRAS

Property sold to market

AFSL

Self Regulated

INSTO

DEVELOPERS

Investment Committee

ACCEPTED

NRX listing

For sale

Wholesale Distribution

Regulator

Institutional

NRAS

INSTO

Real-estate

Performance

Transaction

Satisfies Approval Criteria

Set by Investment Committee

Research

AFSL

Valuation

Research

Eligibility

AFSL

Direct $400k

smaller dwellings to meet diverse needs right in the heart of the town
Smaller dwellings to meet diverse needs- right in the heart of the town

36 x 2 Bedroom Apartments

  • 13 schools within 4 km, closest 500 m
  • Bus service located 700 m from property
  • 700 m from Caboolture CBD
managing the nras investment
Managing the NRAS investment

A fully managed investment

Legislation, Regulation and Compliance

Investment through financial instrument or real property

Owners Pack with 10 year Headlease and Property Management Agreement

Secure income stream[NRAS does not facilitate guaranteed income]

Tailor-made Group Insurance based on risk profiling – provides cash-flow payment in certain circumstances

ATO private ruling on the flow through of the Tax Incentive to Investors

Performance based management with 2 weeks vacancy cover in any lease period

Buying and selling

Creating a strong diverse market of buyers and sellers

Normal Bank repossession provisions

Owner Right to sell out of NRAS

Option to sell to another investor with NRAS intact

Potential to provide ‘rent to buy’ option for NRAS tenants

Getting the basics right

Good locations and associated infrastructure & diverse portfolio

Strong and diverse tenant pool & tenants financially incentivised

Standardised performance based property and tenancy management, with a focus on creating strong, mixed income and stable neighbourhoods

on transport corridors
On Transport Corridors

14 x 3 Bedroom Townhouses

  • 5 schools within 2 km, closest 500 m
  • Bus service located 280 m to property
  • 7 km from Brisbane CBD
frequently asked questions
Frequently Asked Questions
  • Normal market valuations
  • Normal lending criteria on asset class
  • Bank powers & repossession rights as normal
  • LMI – Genworth will insure ‘Mom and Dad’ investors and take NRAS income into account
  • A National approach and institutional strength product design by way of the Head Lease & Secure Income Stream Delivery
  • Access to NRAS market through DNA aggregation
  • Owners can enter and leave the Scheme as a ‘market’
  • ATO has a clear position on QAHC Model and investor Tax-Free entitlements
flinders st melbourne
Flinders StMelbourne

Prospective Image

  • 263 Apartments in Total
  • 70 Available to NRAS
    • 1 Bedroom
    • 2 Bedroom

Google Map 20k

  • 1.1km from School
  • 0.3km from Transport
  • 1.1km from Flagstaff Gardens
current status
Current Status
  • 911 Approvals in 2009
  • 3,082 dwellings already submitted in 2010.
  • 15,000 dwellings across Australia to go through our assessment process [ January to August 2010]
  • 3 sites sold and tenanted
  • 300+ dwellings now under contracts for sale
  • Bank retail investment funding expected $3BN.
  • Institution investment expected $3 BN
  • Pilot large scale ownership program with financial institutions
  • Financial products to deliver liquidity- PDS
what are the consortiums costs and who pays
What are the Consortiums costs and who pays

Developers / Builders

  • To prepare and lodge your project to the Government is $125+gst per dwelling payable to QAHC upon agreement
  • Once NRAS approved, you provide progress reports and an Environmental Report using our checklist
  • You will need to hand over dwellings in a ‘Ready To Let’ State – you can use our checklist

Owner-Investor

  • Purchase fees & Legal Fees including Registration of the HeadLease on Title
  • The Required Group Insurance
  • Normal Owner Costs
  • 10% Property Management Fee
  • $12+gst Compliance Fee per dwelling per week
popular town houses
Popular Town Houses

22 x 3 Bedroom Townhouses

  • 6 schools within 2 km, closest 600 m
  • Bus service located 800 m to property
  • 18 km from Brisbane CBD
applying for nras
Applying For NRAS
  • Whatever your proposed portfolio for NRAS it will need to be part of a minimum 1,000 dwellings-. We package up smaller projects to meet the 1000 minimum threshold
  • Review NRAS Documentation at www.qahc.asn.au and complete the Round 3 EOI on our website
  • Decide your sales or holding strategy including any agreement to access DNA national NRAS distribution platform
  • Review Stock Profile checklist and identify the numbers and locations and types you are offering. [Must have D.A or close to D.A decision to submit to NRAS]
  • QAHC reviews your Expression of Interest and negotiates a mutually agreeable number and type
  • QAHC issues Submission Checklist and invoices lodgement fee
  • QAHC Submissions will be made monthly and Government turn around times expected to be 8-10 weeks
  • If NRAS Approved, sign the Heads of Agreement to provide contractual certainty to deliver