2009 is being tipped as one of the best times to buy property. Interest rates have dropped significantly, rental yields have risen and the population is growing—all indicators that demand for good investment properties will be strong now and into the future. Of course this doesn't mean all property investment is fool proof, but it could be a secure long term investment if you buy a Defence Housing Australia (DHA) investment property.
DHA is a Government Business Enterprise responsible for providing high-quality housing to members of the Australian Defence Force and their families. To fund new housing projects, DHA sells a limited number of its properties to investors under a sale and leaseback arrangement, generally for periods of 9 or 12 years with a 3-year option.
DHA's Managing Director, Michael Del Gigante said in the current economic climate, many Australians are turning to investments they can trust will provide financial security and peace of mind.
'I believe that our investment program offers investors confidence that can only be afforded by a long-term, reliable investment with a credible and well-established organisation', he said.
Mr Del Gigante said DHA's investment program has been carefully designed to overcome many of the hassles associated with conventional property investment.
DHA's lease benefits include:
• Long-term lease up to 12 years
• Guaranteed rental income for the term of the lease
• Rent reviewed annually to market valuation
• Rent guaranteed even between tenancies
• Property tenanted by high calibre tenants
• Comprehensive property management and maintenance service
• Restoration provisions ensure the property is returned in good order at lease end.
Investors can also rest easy knowing their property is being looked after by property professionals—DHA manages 17,500 properties around Australia, worth approximately $7.6 billion. Of these, around 11,000 properties are managed on behalf of investors.
DHA is currently enlisting recruits (prospective investors) for investor boot camp. But forget the push-ups; this boot camp only presents the facts about investing in Defence Housing.
Recruits receive free information about investing in residential property, the benefits of the DHA lease, and have an opportunity to have their investment questions answered.
Investor boot camp is free and open to everyone. Enlist in a boot camp today by visiting www.invest.dha.gov.au or by calling 133 DHA. Bookings are essential as seats are limited.
The above information is supplied by DHA.
Dislcaimer: while due care is taken, the viewpoints expressed by sponsors do not necessarily reflect the opinions of Your Investment Property.
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