Skip to content
Property Real Estate

Mountain Assets and Sumo Launch an Innovative Opportunity in Melbourne’s SDA Housing Market

Mountain Assets 2 mins read

MELBOURNE, Australia, May 14, 2024 (GLOBE NEWSWIRE) -- Mountain Assets, a leading ethical finance brokerage, in collaboration with Sumo, is proud to announce the launch of a pioneering investment opportunity aimed at significantly enhancing the Specialist Disability Accommodation (SDA) sector in Southeast Melbourne. This initiative underscores a strategic endeavour to address the growing demand for high-quality, accessible housing for individuals with disabilities.

The Sumo NDIS Fund, managed by Sumo IV & SIV Pty Ltd and overseen by Quay Wholesale Fund Services Pty Ltd as the trustee, represents a strategic investment in two state-of-the-art SDA-compliant homes at 46 Clarendon Street, Cranbourne, VIC. Each home is designed to foster independence and community integration for residents requiring High Physical Support, ensuring they live in not just a house, but a home tailored to their needs.

This investment taps into a $3M+ capital pool, promising investors a fixed return of 10% per annum, paid monthly, with a potential bonus payout tied to the sale of the underlying property. The project's anticipated completion will not only provide essential housing but also stimulate local economic growth and support community services.

Mountain Assets plays a crucial role as the exclusive offer manager and sales team, bringing their extensive experience and commitment to ethical investment practices to ensure the project's success. Their involvement promises a transparent and robust investment process, aligning investor returns with positive community impact.

Simon Robinson, Director and Co-Founder of Sumo IV & SIV Pty Ltd, expressed enthusiasm about the project's potential, stating, "This investment offers a unique combination of robust financial returns and the opportunity to make a real difference in the lives of people with disabilities. We are proud to collaborate with Mountain Assets, whose expertise in managing and funding SDA projects adds immense value to our initiative."

This project not only represents a viable financial venture but also aligns with broader social objectives to improve the lives of disabled individuals by providing them with suitable and sustainable living arrangements. It is a testament to the power of responsible investing and the tangible benefits it can bring to society.

Investors looking to contribute to this meaningful cause while also achieving substantial financial returns are encouraged to review the investment memorandum and consider the opportunities this fund presents.

For more information, please visit Mountain Assets Website or contact:

Mountain Assets Contact Information:
Suite 3, 1 Box Road, Caringbah, NSW 2229
Phone: 1800 988 014
Email: info@mountainassets.com.au

Sumo IV & SIV Pty Ltd Contact Information:
Level 14, 4 Bridge Street, Sydney NSW 2000
Phone: 1800 845 070 (Aus), +61 2 8089 0248 (International)
Email: simon@sumoivsiv.com.au

Note to Editors:
For additional details, interviews, or media inquiries, please contact Adnan Tanveer, Managing Partner, at Mountain Assets [info@mountainassets.com.au].

This press release aims to provide an overview and should not be considered as an investment solicitation. Potential investors should consult with professional advisors and review the full investment memorandum before making investment decisions. 


More from this category

  • Political, Property Real Estate
  • 23/05/2024
  • 06:15
Everybody's Home

People’s Commission into the Housing Crisis unveils human cost

As Australia’s first People’s Commission into the Housing Crisis gets underway today, submissions reveal the majority of respondents are in housing stress and forgoing the basics to cope. The People's Commission, convened by Everybody’s Home, received more than 1,500 survey submissions which show: Three in five (58%) respondents are in housing stress Three in four (76%) of those who rent are in housing stress The top ways respondents are coping with housing costs are by reducing energy use like heating or cooling their homes (52%), avoiding the doctor and essential appointments (45%), and reducing vehicle use (39%) One in three…

  • Political, Property Real Estate
  • 22/05/2024
  • 11:58
Everybody's Home

*** MEDIA ALERT *** People’s Commission into the Housing Crisis

***MEDIA ALERT*** A press conference will be held in Sydney on Thursday morning on the first day of hearings for Australia’s first People’s Commission into the Housing Crisis, convened by Everybody’s Home. WHO: Commissioner Doug Cameron (former Labor Senator for NSW) Commissioner Prof Nicole Gurran (University of Sydney housing expert) National spokesperson for Everybody’s Home Maiy Azize Housing and homelessness organisations + unions WHEN: Thursday 23 May at 11.30am sharp WHERE: Main building entrance of University of Sydney’s RD Watt Building on Science Road, Camperdown NSW 2050. Media are invited to attend and report on all sessions however only the…

  • Property Real Estate
  • 22/05/2024
  • 05:00
Coronation Property Group

Coronation Property starts construction on $2B Erskineville project delivering 1,300 Build-to-Rent homes

Leading Australian developer and builder, Coronation Property Group (‘Coronation’), has officially marked the start of construction with a ‘sod turn’ for the first approved stage comprising six terrace houses, as part of its $2 Billion Erskineville master-planned housing community– one of Australia’s biggest Build-to-Rent (BTR) projects. The former industrial site at 155 Mitchell Road will ultimately be transformed into a new lifestyle destination for the inner-city, featuring more than 1,300 BTR residences, of which 200 will be allocated to affordable housing for key workers including nurses, paramedics, teachers, and aged care workers. Coronation has partnered with Evolve Housing, one of…

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.