Can someone please explain why DHA homes are not desirable investments. As far as I know, some of them are new, rental is guaranteed & they even renew the carpet & paint the house every 8-9 years. [fear]
They can be great investments.
You need to decide what your goals are and what stragtegies will achieve them.
if DHA meets your needs then grab one.
Some of the perceived disadvantages are the high management fee, the rental reviews that may not meet your idea of the market and also the fact that if you sell the long lease means you are limited to selling to investors. Investors rarely “fall in love” with a home and pay your asking price – they negotiate harder.
Cheers,
Simon Macks
Residential and Commercial Finance Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Thank u Simon, I didn’t realise the facts u mentioned. But if I kept it for the long term in a growth area,say, Ipswich/Sanctuary Lakes, Qld then capital growth may compensate for some of these higher costs.
Originally posted by chancy168:Thank u Simon, I didn’t realise the facts u mentioned. But if I kept it for the long term in a growth area,say, Ipswich/Sanctuary Lakes, Qld then capital growth may compensate for some of these higher costs.
Yep – that may well be the case.
I reckon these are great investments for the long term “hands off” investor who is so busy that they may not otherwise buy a property.
The tenants are great, there are no vacancy and they are built to a standard.
I have lived in them quite a bit myself!
All the best
Simon Macks
Residential and Commercial Finance Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
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