our philosophy
Providence Housing has been established to address the unprecedented high demand and short supply of affordable housing stock in Australia and in so doing provide investment opportunities for institutional investors.
With the introduction of the National Rental Affordability Scheme (NRAS), the traditional low yield and high risk characteristics of residential property investment can now be supplemented with a decade-long Federal and State Government incentive and tax off-set scheme that sets the stage for a more viable residential investment model. Providence Housing has create a sustainable investment case and development pipeline that offers institutional investors superior returns in a low risk sector.
The key features of Providence Housing projects include:
- NRAS and other Government incentives utilised to supplement investment returns
- Community and Asset Management provided by registered housing associations and growth providers
- Comprehensive divestment strategy which includes a Rent to Buy program
- Supply shortage leading to higher capital growth and
- High rental demand, low vacancy, high rental growth
- High Social Responsibility characteristics
- Reputable team with strong transparent governance.
Casey Gardens – a $160M development in the City of Casey, Victoria is the exemplar project for Providence Housing. Construction of Stage 1 is commencing in January 2011.
Providence Housing has further projects with approved NRAS planned for Victoria. They will be situated in the following locations:
- Frankston
- Ringwood
- Dandenong
- Cheltenham
- Footscray.
Investment Opportunities
For further information about investment opportunities
Phone (03) 8676 0210
or
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