For generations, we’ve been told that owning your own home is better than renting. The great Australian dream is an ambition buried deep in our psyche. Ownership provides security; renting is throwing your money away. You can be evicted at short notice.
So, what is the better option own or rent an SDA home? What if a long-term lease provided as much security as owning your home?
A long-term lease would mean you could avoid paying the astronomical prices for a new home and completely remove the pressure of a mortgage. This is the choice currently faced by NDIS recipients who receive funding for Specialist Disability Accommodation (SDA). SDA funding is an amount of money paid within an NDIS Plan which allows people to build a customised home, with modifications to suit their needs. Once SDA is approved within an NDIS plan, families are faced with the decision about how to proceed. Should they try and own their own home or enter a long-term lease with an SDA housing provider? This is a big financial decision.