pitto wrote:
2.  Rent – It is valued on 31/12 of every year by a supposedly independent valuer.   Our initial rent was $375 and in 2008 it was increased to $410.   This was way below par and we invoked the appeal process under the contract.   Our valuer came back at $480 per week and we eventually agreed to $465 a week.   The process was rela…[Read more]

Event Horizon wrote:
Defence housingYou have defended slow sales, yeilds etc, but no comment on capital growth?  Someone in my family (a low risk investor as you said) bought one 15yrs ago with a reasonable yeild and a hassle free investement held for 10 yrs and sold it absolutue  zero capital growth after sitting on the market for 18months.. A…[Read more]

emptypockets wrote:
A 3 bed DHA townhouse recently sold near me.  It had been on the market for over 12 months. Yield was around 6%. Long leases may give you security but it serverely limits your potential buyer pool should you need to sell. You don't have to go through DHA and pay "fair" market value. Plenty of distressed vendors willing to n…[Read more]

Defence Housing Australia wrote:

quickchick wrote:
Another thought in these tighter economic times…I am not really voicing an opinion, just a thought which may be way off centre.I wonder if the government, needing to tighten up financially, will spend less on defence, ie less members employed and needing housing? If so, existing leases would…[Read more]

quickchick wrote:
Another thought in these tighter economic times…I am not really voicing an opinion, just a thought which may be way off centre.I wonder if the government, needing to tighten up financially, will spend less on defence, ie less members employed and needing housing? If so, existing leases would of course need to be honoured…[Read more]

staceyo wrote:
HiAs far as I was aware you can also offer your home to DHA (Defence Housing), providing it meets their criteria.  There used to be that info on the site.  So you could see what areas and house types etc are for sale on their site, alot of the time they are in new estates.  So you could possibly buy through normal channels and the…[Read more]

trustieone wrote:
I didnt waste my 2 days i dont think, it just reinforced my veiws that you must be careful about what you are told in this industry .

The properties that you mention were properties that Westpac Funds Management Limited purchased on a bulk basis from DHA in prior years. The lease attached to these properties is different from…[Read more]

quickchick wrote:
I have not invested in Defence housing myself. However, someone I know works for the Defence Force and had these warnings….1. You may (will) have a long lease that sounds good now, but is there a clause prohibiting increase of rents over a period of eg 5 yrs! (Could leave you well behind.2. Your buying price is often…[Read more]

Aj_Richo wrote:
I've never had a DHA property but looked into it quite extensively, it depends on what your goals are. If you want hassle free, 15 years of renting but are prepared to pay a premium to buy and maintain with the management fees, etc. they mey suit. RegardsTony

Hi Tony,I represent Defence Housing Australia and I thought I could…[Read more]