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Projects coming soon — January 2023

Umina, NSW

  • Project: Renovation
  • Loan amount: $526,000
  • Total loan facility: $656,000
  • Project term: 12 months
  • Target return*: 8.25% p.a.

Project vision

The project will see a 4 bedroom house renovated to a high level finish. Scope of works includes a new kitchen relocated to existing 4th bedroom with new cabinetry and appliances. In addition the family room will be remodelled as a master bedroom, a new laundry will be built at the back of the existing kitchen and the existing kitchen, dining and living space will be combined.

This project is situated in the coastal suburb of Umina, just an hour outside of Sydney, in the heart of the central coast. The initial loan of $526,000 will be used for settlement, with the further phase contributing to the renovation.

Project developer

With more than 15 years of experience as an engineer, developer Matt Tomkins has an eye for detail and an excellent understanding of what it takes to deliver high quality projects. Having transitioned into full time development in 2020, Matt and the team at Nest Egg Homes specialise in cosmetic renovations and house flips that modernise the family home.

This project is launching soon, register now to ensure you’re ready to invest in this project.

Deagon, QLD

  • Project: Construction and conversion to 5-bed co-living units
  • Loan amount: $317,000
  • Total loan facility: $742,000
  • Project term: 15 months
  • Target return*: 8.25% p.a.

Project vision

This project is to build a five-room co-living house in Queensland’s Deagon suburb. It has two stages — land acquisition and construction. Completion of the project is set to be 15 months from settlement.

Deagon is a hidden gem, more affordable than nearby suburbs but with all the benefits of a beautiful bay, bush and history nearby. Most parts of Deagon are within a short walk to Sandgate and the bay but without the price tag of pricier suburbs nearby. With some great hidden cafes, 2 nearby shopping centres, plus a varied selection of restaurants and bars close by, Deagon offers plenty for young professionals living in the area. Only 30 minutes to the city via train, the area also benefits from having the Gateway Motorway on it’s doorstep.

The fund raise for phase one is for $317,000 to be completed in December 2022.

Project developer

Having worked in property for more than 2 decades, project manager Dave Ward has extensive experience in this space. As a buyers agent, he has acquired over 500 properties for clients to assist in establishing and managing property portfolios. Having personally completed large scale developments in both the residential and commercial sectors, as well as managing 17 small-lot subdivisions where additional dwellings have been constructed for sale or held similar to this development, Dave is well suited to deliver this project.

This project is launching soon, register now to ensure you’re ready to invest in this project.

Glenroy, VIC

  • Project: Construction and conversion to 2 x 6-bed co-living houses
  • Loan amount: $450,000
  • Total loan facility: $1,340,000
  • Project term: 18 months
  • Target return*: 8.25% p.a.

Project vision

This project is to build two six-room co-living rooming houses in Melbourne’s Glenroy suburb. It has two stages — land acquisition (already completed) and construction. Completion of the project is set to be 15 months from settlement.

The project is situated in Glenroy, VIC, 13km north of Melbourne’s CBD. Very close to amenities, train, and employment hubs, it’s designed to fill a demand in the growing ‘couples tenant’ market.

The development will be finished as ‘turn-key’, complete with fully furnished rooms including kitchenette and ensuite. As rooming houses, they also feature common kitchen and living areas, and an onsite laundry.

The fund raise for phase one is for $450,000 to be completed in January 2023.

Project developer

Cheryl Leong | Sahara Madhi | Matthew White

Massive Impact Co. was formed to provide safe, affordable housing for the community as well as give the everyday investor access to high cash flow investments. Sahara and Matthew are known as Melbourne’s rooming house experts having completed over 100 rooming house projects. They also own nine rooming houses and are licensed operators.

Cheryl is a developer and social entrepreneur that endeavours to combine purpose and profit to deliver projects that make a difference. Together they form a formidable team that is passionate, innovative and driven to deliver results and making a massive impact to others.

This project is launching soon, register now to ensure you’re ready to invest in this project.