A comprehensive report by Oxford Economics has concluded that the all-inclusive service fee, on average, saves our investors $3,913 per year over a nine-year term when compared to the real cost associated with typical residential property investment.1
Save $3,913 per year investing in a DHA house1
Item
|
Traditional agent |
DHA |
Weekly rent
(52.18 weeks)
|
$450 |
$450 |
| Gross rent per annum |
$23,480 |
$23,480 |
| Management fee |
$1,937
(8.25%) |
$3,874
(16.5%) |
Vacancy cost
(1.4 weeks p.a.)
|
$662 |
$0 |
Admin fee
($5.50 per month)
|
$66 |
$0 |
| Letting fee |
$371 |
$0 |
| Tenant protection insurance |
$350 |
$0 |
Repairs and maintenance
(Nine issues annually)
|
$2,661 |
$0 |
Nine-year make-good
(Internal and external repaint and flooring)
|
$1,248 |
$0 |
Hassle
(12 hrs per annum at full time average hourly wage)
|
$491 |
$0 |
| Real cost of property management |
$7,787 |
$3,874 |
Proportion of rental income
|
33.2% |
16.5% |
Save $3,269 per year investing in a DHA unit, apartment or townhouse1
Item
|
Traditional agent
|
DHA
|
Weekly rent
(52.18 weeks)
|
$550 |
$550 |
| Gross rent per annum |
$28,698 |
$28,698 |
| Management fee |
$2,368
(8.25%) |
$3,731
(13%) |
Vacancy cost
(1.4 weeks p.a.)
|
$809 |
$0 |
Admin fee
($5.50 per month)
|
$66 |
$0 |
| Letting fee |
$454 |
$0 |
| Tenant protection insurance |
$350 |
$0 |
Repairs and maintenance
(Nine issues annually)
|
$1,677 |
$0 |
Nine-year make-good
(Internal and external repaint and flooring)
|
$786 |
$0 |
Hassle
(12 hrs per annum at full time average hourly wage)
|
$491 |
$0 |
| Real cost of property management |
$7,000 |
$3,731 |
Proportion of rental income
|
24.4% |
13% |