AN INVESTMENT WITH A SECURE, LONG-TERM TENANT – DEFENCE HOUSING AUSTRALIA
If you’re looking for an investment option with less stress – you can lease this property to DHA!
DHA has assessed this property location, plans and inclusions and has committed to a long-term lease on completion of construction, if delivered to the agreed specifications.
The benefits of leasing to DHA include:
Wellard is a suburb with strong potential for investment property, showing significant growth in both property values and rental yields. Here’s a summary of what makes it potentially attractive:
Property Market Performance:
- Strong Capital Growth: Wellard has experienced substantial growth in median property prices. For houses, the annual growth has been around 27% to 28.5%, and for units, it’s even higher at 35% to 38.15%.
- Relatively Affordable Median Prices: The median house price is around $647,000 to $686,000, and for units, it’s approximately $448,972 to $457,500.
- Fast Sales: Properties in Wellard tend to sell relatively quickly, with houses averaging around 11 to 61 days on the market and units even faster at around 8 to 49 days.
- Increasing Buyer Demand: Buyer demand for houses has reportedly increased.
Rental Market Performance:
- Solid Rental Yields: Gross rental yields for houses are around 5.01% to 5.2%.
- Rising Rents: Median weekly rents have increased significantly over the past year. For houses, the median rent is around $640 to $650 per week, showing an annual increase of about 9% to 12.9%.
- Strong Rental Demand: There appears to be good rental demand in the area.
Other Factors:
- Population Growth: Wellard has experienced significant population growth in recent years, indicating increasing demand for housing.
- Infrastructure and Amenities: The suburb is well-served by public transport (train station), parks, schools, and shopping centres, making it appealing to families and professionals.
- Proximity: Wellard offers relatively easy access to Perth CBD and other employment hubs.
Considerations:
- While the data suggests strong growth, it’s always wise to conduct thorough due diligence and consider your individual investment strategy and risk tolerance.
- Market conditions can change, so staying informed about the latest trends is crucial.
DHA is not the vendor of the property and therefore makes no representation in relation to the land, the builder, the construction of the property or any other matter unrelated to the DHA Lease Agreement or Property Care Contract. Investment in a DHA property is subject to the terms of the DHA Lease or other contractual documentation and those terms take precedence over any information contained in this advertising material.
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