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The DHA sells properties at inflated prices and what is worse is that though they give you the impression they will be paying market rents – the rent is determined 100% by them and there is very little you can do. In case after 10 years of owning a DHA property I am still waiting for a rental increase (yes you are right – same rent as 1998). The agreement you sign with them is 100% loaded in their favour – in case when my solicitor pointed this out to me 10 years ago – I remember telling him that DHA was a Commonwealth Government Department and therefore ………. maybe I should have listened to his advice.
If you are planning to buy a DHA property, then please for Heaven's – get some good impartial advice before you take the plunge.
cheershappybronski wrote:Hey Lisa,Although I don't have investment properties yet. I believe that Defence Housing Authority is a good way to start. As you get guaranteed rental for 12 years I think it is now. And having worked with Defence personnel. I know they have very strict requirements on how they must look after your property. If you go to the Defence Housing website. They have all the information there. Hope this helps a little.
If its not toooo late – I have a DHA property – in case for 10 years. ONE PIECE OF ADVICE I CAN GIVE YOU IS KEEP CLEAR OF DHA. After 10 years I am still waiting from my first rental increase. Yes you are right – the rent they pay is the same as what they paid 10 years ago. So if you are willing to get today's rent at the end of the lease term (12-15 years on), then by all means go ahead. All the clauses in their agreement arent worth the paper they are written on.
I bought a property in Sydney (Normanhurst) from them only because they are a Commonwealth body. I was sadly mistaken and find they are probably worse off than the fly by night operators who dump expensive properties promising high rentals and then its all down hill.
Moral of the story is – if you love being taken for a ride – then join the DHA bandwagon.
cheers
