All Topics / The Treasure Chest / Defense Housing Investment

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  • Profile photo of Michael_3_2Michael_3_2
    Member
    @michael_3_2
    Join Date: 2003
    Post Count: 0
    May 8, 2003 - 5:17 am

    Has anybody have any experience related to investing in Defense Housing? Does anybody have a comment on this? Thanks.[:)]

    Profile photo of JetDollarsJetDollars
    Participant
    @jetdollars
    Join Date: 2003
    Post Count: 2,435
    May 8, 2003 - 6:04 am

    Michael,

    Defense housing keep sending me info packs. The info is quite good, but more related to -ve gearing PIs. There management fees quite high 15 to 25%. Rental guarantee up to 9 years. But it is pretty hard to raise the rent when you lock it.

    Chan$

    Regards

    Chandara
    *************************
    The truth is out there!
    May the force be with you!
    *************************

    Profile photo of BlueboyBlueboy
    Participant
    @blueboy
    Join Date: 2003
    Post Count: 3
    May 8, 2003 - 12:23 pm

    Whilst there are comforts with the long term leases I would check the quality of the property very carefully first. DHA have purchased some mass produced properties (especially townhouses) they may result in some significant maintenance costs downtrack which could eat into any capital gain.

    Profile photo of juliabjuliab
    Member
    @juliab
    Join Date: 2003
    Post Count: 6
    May 8, 2003 - 11:29 pm

    DHA, in the ACT anyway, sell propertis above the market value, up to 8% more, so you pay for the long lease. I would be careful.

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