Ready Set Short Term Rental Fund is a wholesale unit trust - when an applicant invests, the investment is pooled together with other investors’ money. This larger pool of money is used to buy apartments suitable for short term rental on behalf of all Fund investors. The Fund is only open to wholesale investors. For more information, see the Information Memorandum. Retail investors may indirectly invest in the Fund by investing in Units in Class N of Primary Investment Board. For more information, see the Product Disclosure Statement for Class N, issued by Primary Securities Ltd.

When an investor acquires an interest in the Ready Set Short Term Rental Fund, the Trustee will issue Units in the Fund, representing the investor’s interest. Each of the Units has identical value, which will vary as the value of assets in the Fund increases or decreases.

The minimum investment amount is $20,000 for wholesale investors who invest directly into the Fund and $5,000 for retail investors in Class N of Primary Investment Board who invest indirectly into the Fund.

We aim to outperform the long term rental market for apartments in Australian cities, and distribute the income (less fees & costs) to our investors each quarter. Investors may also receive capital gains from property price increases, depending on market conditions. Investment involves risks and there is no guarantee in respect to the payment of distributions or the return of capital.

There is no initial fee for the investment. Please see the Information Memorandum and Product Disclosure statement for details of all fees.

Yes, you can make additional investments using the application form attached to the Information Memorandum if you are a wholesale client, or online at the investor portal. If you are retail client, additional investment may be made in Class N of Primary Investment Board using the application form attached to the Product Disclosure Statement for that class, issued by Primary Securities Ltd.

The objective is to run the Fund over a long timeframe, with recommended investment period of five years or greater. A typical investor in the Fund would be seeking both regular income and capital growth and understands the concept that the value of their investment can rise and fall.

The Information Memorandum is a document issued for wholesale investors that provides information about the investment opportunity, and pursuant to which they may apply to become Unit Holders in the Fund.

The Product Disclosure Statement (PDS) is a document issued for retail investors that provides information about the investment opportunity, and pursuant to which they may apply to become Unit Holders in Class N of Primary Investment Board (a trust which has a number of classes). Class N of Primary Investment Board then invests only in the Fund. A PDS is more regulated by ASIC, that is, there are additional requirements that must be complied with compared to an Information Memorandum. Hence, the PDS offers more detailed information and disclosures than the Information Memorandum, particularly in relation to how the investment meets certain benchmarks.

Australian Financial Services Licence is a license from the Australian Securities and Investments Commission (ASIC) that is required to be held by Australian businesses involved in the provision of financial services. The Information Memorandum and the Product Disclosure Statement are both issued by Primary Securities Ltd which holds Australian Financial Services Licence No. 224107.

Though it is highly unlikely, as it brings new jobs and creates income for a lot of people, it is still possible. In this case, the Fund can sell the properties and return money to investors. We will target properties in inner cities and areas that are of greatest interest to those seeking short term stays.

Yes, you can. We do not give personal advice so we encourage you to speak with your financial adviser to assess whether the investment is appropriate for your SMSF.

There are many investment funds, and many companies offering short-term stays, but to our best knowledge, there is no other fund intending to buy only apartments for short-term stays.