Hey Mike ,
I've looked at them a couple of times over the years and it seems that the deal has changed a bit over time .
At the end of the lease they used to replace carpets and repaint or words to that effect . The wording has definitely changed in that regard. Not the end of the world but it probably isn't quite as good as it was .
As Moly said , when you take out their management fees , the return is about the same as any other property .
Not sure about the contract ? I think you can on sell at any time ? At least you used to be able to.
In a couple of rural areas there was a bit of an oversupply many years ago i.e. quite a few DHA houses in the same street.
I only looked at some recently and it seemed to me that they were a bit overpriced. I'm not familiar with the areas that they were in but I reckon yhat there is a premium in the price ?
Also , they were 2 or 3 years old so someone else had got the larger benefit of the depreciation .
On the positive side , if you can get a 9 or 12 year lease with an option , it's not a bad no fuss investment as part of a portfolio or maybe for a first timer .
Unless you think property is going to crash , of course !
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