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I'm no property bigwig but always up for a chat with other investors
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Google Talk: [email protected]Tysonboss1 wrote:Also DHA houses are not rented to young immature groups of soldiers they are only lent to Married or defacto couples and families, any unmarried or single soldiers with no family that want to move off the base have to look for a house at the local RE office just like anybody else.
Really? I have a 26 year old single friend who has a 3 bedroom DHA property in Sydney (not sure of the suburb name, it's a newer area up from Campbellfield, about 15km south of Bankstown off the M5). Nice place too, but I assure you he looks after it. After having met some of his defence force mates, though, I'd be a bit concerned if they all had DHA housing.
My PPOR is in Point Cook, it's a fairly nice and new area and has experienced around 8% growth over 12 months according to a few free postcode profiles (see postcode 3030). There's a new marina development beginning development in 08 around 5km away at Werribee South beach. Parts of the Hoppers Xing/Werribee district are a bit rough but there's some nice newer areas. There is a new shopping centre under construction at the moment (early 08 opening) and a train station is planned.
Just be mindful though, I suspect Point Cook is in for a slower sustained growth and it may not meet your cashflow/growth requirements given the higher DHA management costs. It's nowhere near as fast as the inner city areas at the moment.
