Formed 1987 (1987) Website www.dha.gov.au | Employees 625 Founded 1987 | |
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Profiles | ||
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.
Contents
- Services for Defence members and families
- Services for investors and property owners
- Residential development
- Governance
- Possible Privatisation
- References
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 quality housing to Defence members and their families. In turn, investors benefit from DHA’s property expertise and the security of a DHA lease agreement.
Services for Defence members and families
Services for investors and property owners
Residential development
DHA is also a prominent and award-winning residential developer with projects across Australia. DHA are committed not only to building houses, but also to building sustainable communities. The Urban Development Institute of Australia awarded DHA a 2012 Queensland Boral Award for Excellence for Gordon Olive Estate, located in McDowall, Brisbane.
Governance
DHA 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
In February 2014, the National Commission of Audit recommended in its Phase One Report that the Commonwealth sell its interest in Defence Housing Australia.