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A steady investment opportunity - Defence Housing Australia THE STORY, Queanbeyan$650,000
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A steady investment opportunity - Defence Housing Australia THE STORY

Queanbeyan, NSW 2620, Australia
Approximate location shown. Contact agent for exact address.
$625,000 – $675,000
2 bed 2 bath 1 car

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About this property

**DHA lease until 2030**Private inspection only contact Ben Mills** DHA Investment Opportunity The homeowners purchased this townhouse in 2014 as their first home, drawn to the quiet confidence of a well-built, thoughtfully designed complex. It offered a sense of security and simplicity that felt right from the outset, providing a comfortable base they could truly settle into. The two-level, easterly facing design allowed the home to feel light and balanced, with spaces that naturally supported both privacy and connection. With two bedrooms and two bathrooms, the townhouse adapted comfortably over time, while ducted reverse-cycle air conditioning provided reliable comfort in every season. The single lock-up garage, complete with a dedicated storage room, added a level of practicality that made day-to-day living feel organised and uncluttered. THE LOCATION Positioned in Queanbeyan East and within the local school catchments, 3/40 Buttle Street offers a location that continues to appeal to both homeowners and tenants alike. For investors wanting a more hands-off, lower-hassle option, this property can be leased through Defence Housing Australia (DHA) - an organisation that selects homes based on factors like location, layout and inclusions, and is known for providing long-lease arrangements with structured management. With a DHA lease in place until 2030 and returning $605 per week, the home presents a compelling opportunity for buyers who value stability and long-term confidence. Investors will also appreciate the DHA-style benefits many consider "set-and-forget", including: - dependable rental income - long lease terms - rent generally paid in advance, improving cashflow certainty - day-to-day property care, including many non-structural repairs, managed on your behalf THE DETAILS - Easterly facing townhouse split across two well-designed levels - Main bedroom ft. private ensuite & walk-in robe - Secondary bedroom ft. built-in robe - Light filled living spaces - Functional kitchen with electric wall oven, gas cooktop, & dishwasher - Two bathrooms providing convenience and flexibility - Ducted reverse-cycle air conditioning - Gas mains hot water system - Single lock-up garage - Separate storage room for added practicality - Within walking distance of local parks, public transport and Queanbeyan East amenities - Short commute to Queanbeyan East Public School and Queanbeyan High School - Approx. 3 min drive to Queanbeyan East local shops & services (according to Google Maps) - Approx. 6 min drive to Queanbeyan CBD & Riverside Plaza (according to Google Maps) - Current DHA Lease until 2030 for $605 per week - Approx. Rental Return: $605 per week

Property Details

Property Type
townhouse
Listing Type
For Sale
Bedrooms
2
Bathrooms
2
Parking
1
Listed
3 months ago

Repayment calculator

$3,151/month
$1,576 /fortnight
Loan $520,000 at 6.10% over 30 years

Upfront costs

Deposit$130,000
Stamp duty$19,904
Conveyancing (est.)$2,000
Total upfront$151,904
Verify with NSW revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Queanbeyan

This 2-bedroom townhouse in Queanbeyan, NSW 2620 sits within reach of public transport, local shops and nearby schools. It is listed 49% above the $435,000 median of 53 comparable townhouseswithin 5 km.

Schools near Queanbeyan

  • Finigan School of Distance Educationcombined · K-12 · CoEd
  • Queanbeyan East Public Schoolprimary · K-6 · CoEd
  • Queanbeyan Public Schoolprimary · K-6 · CoEd
  • Queanbeyan South Public Schoolprimary · K-6 · CoEd
  • Queanbeyan West Public Schoolprimary · K-6 · CoEd
  • St Gregory's Primary Schoolprimary · K-6 · CoEd

What's nearby

  • Morisset St after Crawford St (bus)61 m away
  • Eyecare on Q20 m away
  • Queen Elizabeth Park276 m away
  • Queanbeyan Park313 m away
  • Moore Park318 m away

Queanbeyan at a glance

Full suburb profile
Population
6,409
Median age
38
Household income
$1,693/wk
Median rent
$340/wk
Median mortgage
$1,668/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Queanbeyan price trend

Median sold · House 2 bed

Compound growth +4.7% / yr over 4 yrs

$620kcurrent median

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Price history

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3 price changes recorded for this property

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