I heard D.H.A charge heigh fees,but there is probably because of high maintainance.

If you send a enquiry they dont leave you alone and i mean it

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DHA property selling price is considered to be more expensive to buy compared to other properties in the same area.

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I bought a place near Rockingham WA.

4 bed 450k, in 2010.

It is now worth less than when I bought.

Rent is back to where it was on 2010.

DHA is a scan. Even leaving the money as cash in the bank would have been better.

The only good thing is that I didn't lose money ??

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Do not ever invest in DHA. From my experience in the Darwin market DHA only serves to flood the market with high priced properties that when you decide to sell are worth less than the cost to build it yourself It is nothing but a major scam

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We have owned a DHA property for twenty years in Port Stephens. The capital growth has been good, 250% and $20000 in income per year. Yes fees are a little high but you don't get a phone call in the middle of the night for authorisation of a repair DHA repair it. Every 6 years they repaint the walls and replace the carpets at DHA cost. No complaints here.

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"Should I invest in Defence Housing Australia?"

No you shouldn't:

- Prices for houses are higher

- Rent is lower

- Contract period is short

- Admin fees are high

- Tenants don't care about damage

- Location is far from acceptable

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Unlike some of the comments here, my own DHA experience was more than positive.

I made a mistake a purchased one of their properties based on the then cost:income ratio; I should have used location as the guide instead - clearly that would have made me a lot more money.

I purchased a $300K DHA propertly in Ryde NSW and the 'deposit' was taken out against my own home mortgage equity. My only out of pocket was $50 nett a week for 7 years, then $100 nett a week for the next 5 years. So my outgoing (as I worked it) was "only" $43,200.

Of course all that time rent came in with zero effort on my part to chase tenants or maintain the propertly etc (with DHA everything is covered).

When the lease ran out I sold the property for $700K. That was between 2001 and 2013.

So the capital gain was $400K in 12 years.

With the 50% CGT discount I added $200K in to my $80K income for that year and paid approx $100K nett more in tax than I would have otherwise.

With a $43K nett outgoings and $300K in nett gain, I worked out I made 19% per year on my outgoings (assuming if I paid the whole $43K at one go in the begining of the lease period).

I think 19% return much more than anyone could expect!

Am I living in La La Land, are my calculations wrong?

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