Date post: | 19-Jan-2015 |
Category: |
Real Estate |
Upload: | informa-australia |
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Managing the Defence property portfolio – now and into the future Peter Howman, Managing Director
Agenda
• Current projects and opportuni0es for industry
• ADF housing demand vs. supply
• Investment management
DHA was established in 1988
• DHA’s main role is to provide housing and related
services to ADF members and their families
• Shareholder Ministers are the Minister for
Defence and the Minister for Finance and
Deregula0on
• DHA is a GBE
• DHA pays taxes and dividends
• 2012-‐13 revenues exceeded $1 billion
• Managed property porLolio valued at $10 billion
Where we came from
Where we came from
National projects - locations
Seaward Village
Overall housing stock
Apart from major changes to bases and unit locations, the overall ADF demand for DHA housing is relatively static.
DHA housing construction/purchase demands arise largely from four sources:
• replacement of disposed stock • replacement of SLB properties at end of
lease • construction to meet changed ADF demand,
and • new product for the singles market.
Breezes Muirhead
AE2 Ermington
Bluewattle Townsville
• Member of Urban Design Ins0tute of Australia
• Member of the Real Estate Ins0tute of Australia
• Sponsored 20 Appren0ceships na0onwide through:
– Master Builders Group Training – Housing Ins0tute of Australia Group
Appren0ceship Scheme
– Group Training NT – TORGAS
Industry Connections
Contractor management
• The defini0on of small, medium and large business: – small business: employing fewer than 20 people
– medium business: employing 20 or more people, but fewer than 200 people
– large business: employing 200 or more people.
Division Small and Medium Size Contractors
Large Contractors
Property and Tenancy Services
943 5
Sales and Marke<ng 130 1
Property Provisioning Group (Development and Construc<on)
253 57
Air Condi0oning Garage Door Pool
Alarm Security Gas Screens
Asbestos Glazing Smoke Alarm Maintenance
Blind Cleaning Grounds Maintenance Sprinkler
Cabinet Maker Gu^er Cleaning Tiling
Carpentry Hea0ng Tiling Roof
Carpentry Hot Water Systems Tree Surgery
Cleaning Landscaping TV Antennas
Concre0ng Locksmith Water Tanks
Electrical Pain0ng Waterproofing
Fencing Pest Control Window Furnishing
Floor Covering Plasterer
Floor Covering Cleaning Plumbing
RMS Panel Services
Services included in the Repairs and Maintenance Panel
DHA sells proper<es to private investors
Private investor leases property back to DHA
DHA uses property to house Defence families
Investment management model
Why sale and leaseback works
Lease agreement
• Long-term lease and flexibility to extend or reduce to meet our Defence housing obligation
• Investors receive rental income that is backed by the Australian Government
• We maintain control through an all-inclusive property management service, including repairs and maintenance
DHA today
• Has transformed Defence housing into a $10b+ na0onal porLolio: – manage over 18,500 proper0es Australia-‐wide
– manage almost 13,000 proper0es on behalf of private investors
– provide modern, liveable dwellings (average age = 9 years)
– have adequate private funding to maintain dwellings at the highest standards (to value of $60m in R&M p.a.)
• Is a high performing, full tax paying Government Business Enterprise
• Provides significant shareholder returns, with revenues generated through our proven private capital raising program
• Is now also an award-‐winning and sustainable residen0al developer, with $1.3b worth of developments underway and a further $1b+ in the pipeline
Any ques0ons?