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Defence Housing Australia (DHA) is an Australian government business enterprise established by the Defence Housing Australia Act 1987. DHA supplies housing and related services to Australian Defence Force members and their families in line with Defence operational requirements. To meet these requirements, DHA is active in Australian residential housing markets, acquiring and developing land, and constructing and purchasing houses.
| Industry | Real estate |
|---|---|
| Founded | 1988[1] |
| Headquarters | Canberra, Australia[1] |
Area served | Australia[1] |
Number of employees | 646[2] |
| Website | dha |
Each year, DHA sells a portion of its portfolio through a property investment and leaseback program. Revenue generated from this activity is DHA's primary source of capital. It funds DHA's operations and enables the continual provision of housing to Defence members and their families.
Services for Defence members and families
edit- Assistance in finding housing
- Management and maintenance of housing
- Administration of the allowance for Defence members occupying rental accommodation
- Construction and acquisition of properties to meet Defence housing demands
- Redevelopment of properties to meet Defence standards.
Services for investors and property owners
edit- Sale and leaseback of properties through the property investment program
- Secure, long-term leasing arrangements for property owners
- Property maintenance and tenancy management.
Residential development
editDHA is also a residential developer with projects across Australia.
Governance
editDHA was established as a statutory authority in 1988 and in 1992 became a government business enterprise. This means DHA is a commercially funded organisation that undertakes business activities on behalf of the Government.
Possible privatisation
editIn February 2014, the National Commission of Audit recommended in its Phase One Report that the Commonwealth sell its interest in Defence Housing Australia.[3]
References
edit- ^ a b c Defence Housing Australia. "Our Organisation". Defence Housing Australia. Archived from the original on 29 March 2013. Retrieved 4 May 2020.
- ^ Defence Housing Australia (30 September 2019). "Defence Housing Australia Annual Report 2018-19" (PDF). Defence Housing Australia. Archived (PDF) from the original on 9 April 2020. Retrieved 4 May 2020.
- ^ "National Commission of Audit - Market based solutions". Archived from the original on 9 August 2014. Retrieved 26 July 2014.