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DHA Attracting interest

By Ben Faulks

DHA properties have typically been harder to sell due to their defined market of buyers who are prepared to accept a below market net rental return and be locked in for an extended period of time. However with rental returns in the ACT on the decline for the first time in many years, astute investors are turning to the guaranteed returns that DHA has to offer, and locking in today’s rental rates at a time of historically low house finance costs.

Defence Housing provides quality housing and related services to Defence members and familes in order to support the operational, recruitment and retention focus of the Department of Defence. Standard lease terms are 9 or 12 years, and the rental amount is agreed upon settlement of the purchase of the property. DHA manage the property during the lease period, and upon the end of the lease return the property to the owner complete with new carpet, blinds, paint and garden makeover.

Ray White Belconnen currently has a list of buyers looking to purchase DHA properties that are mid-way through their lease period. If you or anyone you know owns a DHA property and would like to discuss a simple sale solution, contact Ben on 0432 028 645.

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