Content provided by DHA Australia
There is nothing like holidays or spending time with family and friends to help put things into perspective. And as the New Year is now well and truly under way, it seems that many of us are searching for that ever elusive balance in our life, be it work, family, life or financial balance.
While ‘balance’ can mean different things to us all, most would agree that it means more time to enjoy the things that matter in your life.
When it comes to property investing, Defence Housing Australia’s (DHA) set and forget property investment is sure to offer you some of that balance that you seek.
DHA provides housing and related services to Defence members and their families and is active in Australian residential housing and investment markets. With approximately 18,500 properties under management, they are also one of the largest property managers in Australia.
Under the DHA property investment program, properties are sold to private investors and are then leased back to DHA for a specified term (typically 9-12 years). For the property investor, that means no tenanting obligations, a rental income that is backed by the Australian Government and an investment that is managed and maintained by property experts throughout the lease term.
When you have a high profile career, like Canberra Raiders star Josh McCrone, investing in property is a way to secure his post-football career. But, with a young family and a demanding work schedule, he also didn’t want an investment that took up more of his personal time.
‘I chose DHA over other investments for the security, the biggest factor was the 12-year lease,’ Josh said. ‘Our property would be rented unbroken for a period of 12 years and we knew that money would be coming in every month whether there was tenants in it or not. I haven’t had a drama with it. It’s perfect for us as we can invest and forget.
‘I’m enjoying the fact that I have this property. I know it’s there but I don’t have to think about it, it’s doing its work for me.’
DHA investors, Deb and Peter live in rural New South Wales. They also value the peace and quiet they get with their DHA investment.
‘We find that DHA’s property investment program incorporates a carefree approach with the investor in mind. It’s a package with many benefits, which really appealed to us. A major benefit is that we don’t have to dedicate a lot of time to it, so it really suited our lifestyle. With our DHA investment we can relax’.
So what do you get when you buy a DHA property?
- Guaranteed rent: Unlike conventional residential property investment, DHA calculates your rent from the date of settlement. In addition, with the exception of the first and last month, it pays your rent monthly in advance throughout the lease term. It’s even paid when the property isn’t occupied.
- Long-term lease: When you buy a DHA property, the standard lease terms are 9 or 12 years. Shorter lease terms of 3 or 6 years may be offered on occasion.
- DHA Property Care: A distinguishing feature of the lease is DHA Property Care—an extensive range of property related services including property management, market rent review, repair and maintenance and lease-end restoration.
If you’re interested in learning more about the DHA investment product and how it can help you achieve balance in your life visit dha.gov.au
Disclaimer: while due care is taken, the viewpoints expressed by contributors do not necessarily reflect the opinions of Your Investment Property.
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