Townsville DHA

Discussion in 'Where to Buy' started by audrey canberra, 12th Mar, 2021.

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  1. audrey canberra

    audrey canberra Active Member

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    I'm interested in hearing about people's experiences with Townsville investment property

    I am looking at dha at Kirwan or Rasmussen both offering 6 + 3 years with rental floor
     
    audrey canberra, 12th Mar, 2021
    #1
  2. boganfromlogan

    boganfromlogan Well-Known Member

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    Sometimes floods, returns are pretty OK i believe.

    Certainly with DHA there would be security, but i think DHA housing is somehow not appealing beyond the DHA lease. For example if it wasn't DHA would you really want to own it? Is it well located without factoring in Defence? Having said that Defence won't leave Twl any time soon :)
     
    boganfromlogan, 12th Mar, 2021
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  3. Mady

    Mady Well-Known Member

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    DHA & Townsville is a good combo, I have two DHA IP in Kirwan for few years. I have had a good experience, check flood maps before buying, that’s what I did. I am about to sell one as market is little up and I am about to upgrade my PPR in Melbourne.

    FYI I have never been to Townsville. Everything has been managed online
     
    Mady, 23rd Mar, 2021
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  4. Mady

    Mady Well-Known Member

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    Mady, 23rd Mar, 2021
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  5. audrey canberra

    audrey canberra Active Member

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    Thanks Mady I've just put an offer on DHA in Rasmussen Townsville which was accepted but the selling agent is putting pressure on me to sign even though I haven't engaged lawyer to do the flood assessment / building inspection etc.

    I have sent you a PM / DM - grateful if you can check your inbox
     
    audrey canberra, 24th Mar, 2021
    #5
  6. See Change

    See Change Well-Known Member

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    Although the lawyer will check flood maps , it’s easy to access flood maps on line and it’s one of the first things we do early on in our due diligence. Another thing we do now is run properties though a couple on online insurance quotes , just to check the premiums are reasonable . We looked at one property in goodna which supposedly wasn’t flood affected , but the quote for insurance including flood was 6 k.

    Usually in Queensland it’s via pd online though in Townsville it appears to be a different format .

    TownsvilleMAPS Mapping Service - Townsville City Council

    We always source building inspectors independently , just to make sure there’s no conflict of interest . We’ve asked for recommendations on this forum many times either as a question or via a pm to someone who has Townsville properties or a local BA.

    cliff
     
    See Change, 24th Mar, 2021
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  7. wilso8948

    wilso8948 Well-Known Member

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    Insurance quotes before purchasing are essential in Nth Qld. Massive range differences. Shop around also. I've had quotes on my PPOR range from $2.5k-$6k.
     
    wilso8948, 24th Mar, 2021
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  8. audrey canberra

    audrey canberra Active Member

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    Yep I've found Australian Unity to be competitive $2.5K (inc flood) for my Townsville IP a DHA 4 bedroom, other quotes were over $3K
     
    audrey canberra, 19th Apr, 2021
    #8