Through Aware Real Estate, we invest your super in our Essential Worker Housing Program. Essential worker housing consists of residential apartments, which we rent to essential workers at around 80% of the prevailing market rent.
Apartments which are part of our Essential Worker Housing program are typically located in larger residential apartment buildings which also include non-essential worker apartments. Apartments are centrally located, close to transport and other community amenities.
Essential workers include health care and education workers, emergency services and law enforcement, many of whom are our members.
What's in it for our members?
Returns will come from our investments held by Aware Real Estate in the form of income from the rent received from tenants, combined with the potential capital growth in the value of the apartments.
As you can see below, some of Aware Real Estate's investments are located in high employment areas for those working in health, education, law enforcement and emergency services, making these investments especially relevant to Aware Super members, many of whom work in these sectors.
Epping, NSW
Our Epping investment is situated in north-west Sydney, 22 kilometres from the CBD. It is close to transport, Macquarie University, schools, two hospitals and a shopping and business precinct.
It contains units which are leased to professionals, primarily across the health, education and law enforcement sectors.
Waterloo, NSW
Our Waterloo investment is close to schools and globally recognised universities, as well as hospitals such as the Royal Prince Alfred Hospital, St Vincent’s Hospital and the Prince of Wales Hospital.
Approximately three quarters of the units at the Waterloo site have now been leased to professionals across the health, law enforcement and emergency services sectors.
Hear from one of our members in affordable housing at Waterloo
Melissa*is a pediatric nurse working at a children’s hospital in Sydney’s East. She has recently taken up residency in an apartment at our Waterloo site. Moving from Parramatta, this means her commute to and from work has drastically reduced by over an hour a day if she takes public transport and over 30 mins if she drives for late shifts.
Other apartments in the area were simply too expensive for Melissa. But with a 20% reduction to market rent, she now enjoys her beautiful apartment, fully equipped with all whitegoods, air-conditioning, heating and a balcony.
Melissa is delighted with her unit and the proximity to her work: “I can’t emphasise enough how much this means to me – to have my own place that is affordable, close to work and safe”.
She also loves that it’s in a good position, with a nice aspect and that it is relatively quiet, for its central location.
The opportunity was referred to Melissa by the NSW Nurses and Midwives Association, but you can also find out more information and apply through our partners Evolve Housing.
* Name has been changed for privacy reasons.
Hurstville, NSW
Our Hurstville investment is situated 15 kilometres south-west of Sydney’s CBD and is close to primary and secondary schools, and several hospitals such as St George Hospital, Hurstville Private Hospital and Waratah Private Hospital.
Moonee Ponds, VIC
Moonee Ponds is situated approximately seven kilometres north-west of the Melbourne CBD, close to primaryand secondary schools, several university campuses, including RMIT, Monash University and the University of Melbourne, as well as several medical service providers and hospitals, including the Royal Melbourne Hospital, the Royal Children's Hospital and John Hospital Melbourne.
Miranda, NSW
Our Miranda site is well-positioned in the residential suburb of Miranda, located about 24 kilometres south of Sydney’s CBD. It is close to transport, shopping centres, beaches, primary schools, high schools, and hospitals such as Sutherland Hospital, Kareena Private Hospital and President Private Hospital.
Claremont WA
75 recently completed, high-quality units in Claremont, WA, with excellent transport infrastructure, connectivity to the Perth CBD, and major employment nodes and proximity to major schools and social infrastructure. These are provided as key worker housing units, which are offered at a 20% discount to the market rental rate, to meet demand from essential public service workers who would benefit from the proximity to major health facilities and schools.
The project is 3km from the Sir Charles Gairdner Hospital and has 13 primary and secondary schools located in the Claremont locality.
These investments are accurate as at February 2022.
All investments carry risk, and Aware Super does not guarantee the payment of income or performance of the investments referenced above.
