Feb 19, 2025, 14:48
by
Defence Housing Australia
Nestled between Sydney, Melbourne and Canberra, the quaint regional city of Wagga Wagga is a real drawcard for property investors.
Thousands of Army, Navy and Air Force recruits head there each year to train at two of Australia’s most prominent training bases: the Royal Australian Air Force (RAAF) Base Wagga Wagga and the Kapooka Army Base.
While three- and four-bedroom houses are in vigorous demand for Defence families, and tree changers looking to escape the rat race, there is an equally high requirement for one- and two-bedroom apartments and villas to house individual members.
Located on the banks of the beautiful Murrumbidgee River, in the heart of the Riverina food bowl, New South Wales’s biggest inland city is an appealing place to live and work. The community is steeped in Defence tradition and its historic homes reflect a bygone era when Wagga was in the running to be capital of NSW.
Strong employment prospects and educational facilities mean the regional centre is a mecca for students, singles and young families, with 34 preschools, 23 primary schools and nine high schools, as well as major campuses for TAFE and Charles Sturt University.
New suburbs are springing up, taking advantage of Wagga’s extensive amenity and appealing rural lifestyle. Median house prices have increased by almost 65 per cent since COVID-19 in 2020, and demand for units has reached an all-time high, with an annual compound growth rate of 9.9 per cent and an average rental yield of 4.8 per cent1.
For property owners, the young and transient Wagga Wagga population can mean a rapid turnover in tenants leaving investors exposed to fluctuations in the rental market along with the hassle and cost of regularly vetting and signing up new occupants.
Defence Housing Australia (DHA) offers the ideal solution with the security of a single long lease and the convenience of property care services that require a lot less time and effort than leasing out a property through a conventional real estate agent.
Leasing a private rental to DHA is one of the easiest ways to invest in residential property particularly for remote owners looking to capitalise on the wave of post COVID-19 interest in regional markets.
DHA offers private owners an exclusive arrangement, backed by the Australian Government, that has big advantages including:
- long-term leases of up to 12 years
- guaranteed* rent, even if occupants move and the property is empty*
- trusted Defence occupants
- a simple, single fee
- property care that covers most non-structural repairs (which DHA will organise to keep your asset in tip top shape)
- independent rent reviews to keep up with the market
- an online portal to make managing the paperwork quick and easy.
Defence tenants come in all shapes and sizes and so do the homes they need. DHA supports Defence members to find the right accommodation, in the right location.
If your property ranges from one- to four-bedrooms and is in good condition, talk to the DHA leasing team today.
Use the
online enquiry form or call 133 342 for a no-obligation chat. Have questions? Find out everything you need to know on our
website.
1 https://www.realestate.com.au/nsw/wagga-wagga-2650/
* Rent may be subject to abatement under certain circumstances such as loss of enjoyment or amenity, or breach of lease terms. Rent is paid where the property is habitable. Should a property become uninhabitable during the term of the lease, or lessor breaches the lease terms, the rent may cease or abate and the lease may be terminated by DHA. Guaranteed rent is subject to the terms of the lease. DHA does not take into account an investor's objectives or financial needs. Investors should always seek appropriate independent advice before making any investment decisions with DHA. A comprehensive description of repairs included in our service and exclusions can be found in the Property Care Contract. For more information, please visit https://www.dha.gov.au/investing/property-care.