We recently had the exciting opportunity to be invited by the Canberra Weekly to share some basics of how a DHA investment works with their 90,000+ readers! If you manage to get hold of a copy you’ll find the editorial on page 57 of the 21 July edition.
If you can’t get a copy but are keen to read what we shared, I’ve included the article for your convenience below –
Is a DHA property a good investment?
Before taking the plunge, an investor will want to understand how a DHA property works and consider whether it’s the right fit for them.
An investor gets a long-term lease up to 15 years backed by the federal government, secure rent with regular reviews, comprehensive management/maintenance provisions and ‘make good’ at the end of lease (re-painting and re-carpeting)—all covered by the same fee.
The management fee of 13% – 16.5% (depending on the type of property) may be higher with DHA, but covers a number of costs normally not included with a traditional property manager.
Properties are located in capital cities and regional centres, Australia wide. In the Canberra region, around 2000 properties are managed by DHA. Property types range from a 1 bedroom apartment through to a 5 bedroom house and everything in between.
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Jonathan Irwin – Director
Capital Defence Homes
0421 040 082