How DHA’s property ballot system works
DHA manages more than 18,000 properties across Australia, making it one of the largest property portfolios in the country.
We sell properties that are integrated into the community, not those on Defence bases, and we carefully select locations that are close to schools, shops and transport. We have properties in most capital cities and major regional centres where the Australian Defence Force has a presence.
Our properties are typically sold via a ballot system that gives anyone interested in investing in our product an equal opportunity to do so.
So, let’s find out more about how DHA’s ballot system works.
When you’ve decided to invest in a DHA property, the first step is to register online or call 139 342.
Then, a sales representative can guide you through the entire process, which includes confirming your financial capacity to purchase. New properties are released on our website on a Tuesday. The ballot to allocate properties to investors is held nine days later, on the following Thursday.
It’s worth noting that we do have a selection of ‘Buy Now’ properties. These are available for immediate purchase, and do not go through our ballot system.
The Buy Now properties are the same DHA standard as other properties that run through the ballot. Unlike the ballot, however, you don’t have to compete to win the properties in the ballot process. Instead, you just have to be the first person to put the property on hold.
This removes some of the luck associated with the ballot process. Investors interested in a Buy Now property should contact a DHA sales consultant to register their interest. If you’re new to investing with DHA, contact us via the website or on 139 342.
How the ballot works
To ensure the process is fair, the ballot for investment properties is automated. Registered investors are randomly selected and then offered the chance to buy the property.
The key to being successful in the ballot is being open to a wide range of properties. Put simply, the more properties you select, the greater your chance of securing one.
While we encourage investors to select multiple properties in the ballot to increase their chances of success, it isn’t possible to list the ballot properties in order of preference. If you’re successful in the ballot, you will only be allocated one of the properties you have selected, even if you have multiple selections. To purchase additional properties, you will need to re-enter the ballot.
You have eight days to enter the ballot, with entries closing at midnight on the Wednesday – the day before the ballot is drawn.
To enter a property ballot, simply email your DHA sales consultant and notify them that you wish to enter the ballot for your chosen property.
If you’re successful in the ballot, you will need to pay a $2,000 holding deposit to secure the property. This is refundable if the sale doesn’t proceed. After the deposit is paid, you will complete the Purchaser Information form supplied by your DHA sales representative. Then the sales contract process begins.
Please note: this is the only deposit required throughout the settlement process. The deposit for DHA properties in South Australia is paid at the contract signing.
To find out more about the DHA ballot system, visit our website.
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 the 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 consider an investor’s objectives or financial needs. Investors should always seek appropriate independent advice before making any investment decisions with DHA.