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  1. Select Income Fund

Select Income Fund

Regular monthly income stream.
From 6.75%
p.a.
*
Apply online

About the Fund

The Select Income Fund is a contributory mortgage fund that provides investors with the opportunity to receive monthly income payments by investing in a range of registered first-mortgage loans.

Each loan, known as a Syndicate-Fund, is sourced by our experienced mortgage team and offers differing levels of returns, duration of term and risk profile.

How it works

Getting Started

Step 1
Application

There are two ways to apply — apply online (takes about 15 minutes) or download the paper based application form and select either the General Investment Authority or Specific Investment Authority.

Once your application is accepted, your funds will be deposited in the Cash Account.

Step 2
Select your investments

If you have selected the General Investment Authority, you will generally be allocated to the first available Syndicate-Fund.

If you have selected the Specific Investment Authority, you will now be able to select investments that suit you.

View Open Investments

Why Invest?

Icon regular income

Regular income

Receive monthly income payments.

Capital stability icon

Capital stability

Syndicate Funds are generally a capital stable investment, and capital stability is core to our investment objective.

Wealth of experience

Access to one of the largest and most experienced managers of unlisted property and mortgages in Australia.

2 easy ways to invest

1. General investment authority

  • Likely to minimise time in cash
  • Likely to maximise returns

You delegate authority to our expert mortgage team to allocate your Cash Account Funds, generally to the first available Syndicate Fund.

You can set limits on the maximum allocation each Syndicate-Fund.

Upon allocation to a Syndicate-Fund, we will send you a Supplementary Product Disclosure Statement (SPDS), after which you have 10 business days to opt-out if you do not wish to invest in that Syndicate Fund.

Syndicate-Funds are typically first filled by investors who have selected the General Investment Authority. Therefore by selecting the General Investment Authority you are more likely to minimise time in the Cash Account and maximise returns.

2. Specific investment authority

  • You retain full control to select the investment, return, duration and risk

You choose the Syndicate Funds that you would like to invest in.

You complete an SPDS for each Syndicate Fund you wish to invest in and return it to us. Your funds are allocated from the Cash Account to the Syndicate-Fund when a drawdown is required by the borrower.

Investments are on a first-come first-served basis. If we do not receive your signed SPDS before the Syndicate Fund is filled by other investors, you may miss the opportunity to invest in the relevant Syndicate Fund.

Open investments

Our investment approach is based on providing a stable return and protecting the capital that you have invested in each Syndicate-Fund.

Before a registered first mortgage loan is offered for investment through a Syndicate-Fund, it is carefully assessed by our experienced mortgage team in accordance with Australian Unity’s commercial lending framework, and independently verified by qualified valuers and quantity surveyors.

Brunswick West , VIC (503)

  • Interest rate: 7.75%*
  • LVR: 64.36%*
  • Expected maturity: December 2018
  • Type: Residential/Construction
MORE DETAILS

Carnegie, VIC (487)

  • Interest rate: 7.25%*
  • LVR: 66.67%*
  • Expected maturity: July 2018
  • Type: Residential/Construction
MORE DETAILS

Clifton Hill, VIC (489)

  • Interest rate: 7.25%*
  • LVR: 62.34%*
  • Expected maturity: November 2018
  • Type: Mixed Use - Construction
MORE DETAILS

Warrawee, NSW (486)

  • Interest rate: 7.25%*
  • LVR: 63.54%*
  • Expected maturity: November 2018
  • Type: Residential/Construction

MORE DETAILS

Important Information

The interests in the Australian Unity Select Income Fund ARSN 091 886 789 are issued by Australian Unity Funds Management Limited ABN 60 071 497 115, AFS Licence No. 234454. Information provided here is general information only and current at the time of publication and does not take into account your objectives, financial situation or needs. In deciding whether to acquire, hold or dispose of the product you should obtain a copy of the Product Disclosure Statement (PDS) and seek professional financial and taxation advice. This information is intended for recipients in Australia only. Past performance is not a reliable indicator of future performance.

* Interest rates, Loan to Value Ratios (LVRs) and investment terms are subject to a number of assumptions and risk that are detailed in the PDS and SPDS. Interest rates quoted are not guaranteed.

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