well well well...it might pay to take another look the dha houses listed here do not appear over priced at all.... and magic locations to melb cbd, plus bright modern homes.... they should increase in value by 10% pa.... I did some sums at 7% loan rates....oop by $10,000 pa, capital gains 40,000 pa .net gains 30,000 pa
I just had a look at Hasings and Point Cook in vic... the DHA homes are very well priced, compared to the prices in the open market at realestate site
Hastings is one hour from the CBD...looks like easy freeway access prices around 400 k's with 12 + 3 years lease Point Cook is 30kls, 30 mins from the CBD...again houses similar pricing ( I like this location, so close to the cbd, but hate the Westgate Bridge for travel)
the realestate listings are more expensive in both locations...the only cheaper places below 300ks are old housing commision homes...and vastly different to the new open plan DHA houses , or the other new homes in the open market
hastings...30% single parent families....lower incomes... compared to only 8% single parents point cook http://www.myrp.com.au/viewFreeReport.do?statevalue=VIC&showvFields=false&state=VIC&partnerId=1&scaptcha_response_field=khgdr&actionTarget=viewFreeReport&productId=1&widget=true&viewer=partner&step=getRecommend&y=11&x=41&suburb=Hastings&street=&street_temp=&streetExt=&streetDir=&postcode=3915&email=&fsrName=&widget=true