Increasing suitable housing
for people with disability
Australia suffers from a chronic lack of housing supply for people with disability.
It is estimated there is an immediate need for at least 10,000 new Specialist Disability Accommodation (SDA) places in Australia, with an associated cost of over $10 billion. This investment is necessary to provide suitable alternative accommodation for younger people in aged care and others with unmet needs.
ANZ is committed to growing the pipeline of new purpose-built housing in the SDA sector. We are the largest commercial financer of SDA, investing over $226 million in committed facilities. This investment ensures the development of new SDA homes for approximately 650 Australians - around 6.5% of required SDA places.
In 2021 we provided a $100 million loan to a portfolio of SDA, to support Macquarie Assett Management and Summer Housing. This loan is understood to be the largest SDA deal to date, and will allow for the expansion of homes across New South Wales, Queensland, Victoria and Western Australia. The transaction is structured to allow for new SDA providers to be added as the pipeline of homes increase.
To further increase the supply of housing for people with disability, we are also working with SDA providers and our existing property clients to facilitate the inclusion of SDA in future property developments.
These initiatives will go some way to easing the acute shortage of Australian purpose-built housing for people with disability needs and will allow residents to achieve as much independence as possible.
Our SDA financing contributes to our target to fund and facilitate $10 billion of investment in affordable, accessible and sustainable housing by 2030.