Defence Properties
Reply: 1
From: Cecelia Palmer
This is a multi-part message in MIME format.
------=_NextPart_000_0012_01C1E48D.847709C0
Content-Type: text/plain;
charset="Windows-1252"
Content-Transfer-Encoding: quoted-printable
Hi Lucinda,
My husband is in the Navy and we live in a defence property. We too =have looked at buying these as investments as the rent is guaranteed for =the term of the lease back - even if the property is not occupied and =the Dept returns the house to you at the end of the term in as new =condition. The only thing that was a concern to us was
1. The location - not all of the houses are located in prime areas - =some are - our house was sold to an investor when we moved in for $460k =5 years ago and the house next door recently sold at auction for $540k
2. The Purchase Price - my research into some of the suburbs indicated =that you are paying top if not inflated prices for the property and I =believed the main reason is that the property is painted, new carpet, =landscaped, new electrical appliances etc upon return - depending on the =length of the sale back - the amount of the work carried out.
3. The agents fee through the Defence Housing is also higher than what =you would normally pay and any maintenance carried out on the property =is completed by their contractors - which could be good or bad - no room =to negotiate with your own contractors - not negotiable.
If you want to know any more...drop me an email.....I hope this helps =you.....Cecelia
------=_NextPart_000_0012_01C1E48D.847709C0
Content-Type: text/html;
charset="Windows-1252"
Content-Transfer-Encoding: quoted-printable
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
Hi Lucinda,
My husband is in the Navy and we live =in a defence
property. We too have looked at buying these as investments as the =rent is
guaranteed for the term of the lease back - even if the property is not =occupied
and the Dept returns the house to you at the end of the term in as new
condition. The only thing that was aconcern to
uswas
1. The location - not all of =thehouses are
located in prime areas -some are -our house was sold to an =investor
when we moved in for $460k 5 years ago and the house next door recently =sold at
auction for $540k
2.ThePurchase =Price- my
research into some of the suburbs indicated that you are paying top if =not
inflated prices for theproperty and I believed the main
reasonisthat the property is painted, new carpet, =landscaped, new
electrical appliances etc upon return - depending on the length of the =sale back
- the amount of the work carried out.
3.The agents fee through =the Defence
Housing is also higher than what you would normally pay and any =maintenance
carried out on the property is completed by their contractors - which =could be
good or bad - no room to negotiate with your own contractors - not
negotiable.
If you want to know any more...drop me an email.....I hope this helps you.....Cecelia =
------=_NextPart_000_0012_01C1E48D.847709C0--