Stuart Drive, Wulguru, QLD, 4811

DHA LEASED INVESTMENT LEASED UNTIL MARCH 2028

Unit
Type
2
Bedrooms
2
Bathrooms
1
Parkings

Published on Monday, April 13, 2026 ( See property details for Stuart Drive, Wulguru, QLD, 4811)

$499,000 PLUS

Sharon Richter Director/Principal & Licensed Real Estate Agent
Sage Merlin Agency Manager & Sales Executive
  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A modern, low-maintenance two-bedroom unit in Wulguru offering secure DHA lease income until 2028, ideal for investors seeking reliable returns and prime location amenities.

🏡 Property Highlights

  • Guaranteed rent income until 2028 with DHA lease
  • Modern open-plan living with private entertainment area
  • Prime location close to hospital, university, and shopping precincts
  • Undercover car parking and additional storage facilities
  • Strong investment opportunity with high yield potential
  • Low maintenance property ideal for investors

✨ Key Features

  • Air Conditioning
  • Open-Plan Living
  • Outdoor Area
  • Ensuite
  • Garage / Secure Parking
  • Built-in Robes
  • Modern Bathrooms
  • Private Area for Entertainment
  • Storage Facilities
  • Close to Schools and Amenities

Wulguru is a highly sought-after suburb in Townsville, offering excellent access to healthcare, education, and shopping amenities. It boasts a strong community vibe, proximity to major transport links, and a growing demand for quality rental properties. The area is ideal for investors seeking stable growth and reliable income streams, with easy access to parks, sports fields, and local services.

What are the benefits of investing in a DHA lease property?
DHA lease properties offer guaranteed rental income, regular rent reviews, most maintenance covered by DHA, and a secure long-term lease, making them a low-risk investment option.
Can I occupy the property after the lease ends?
No, as the property is sold with an active DHA lease in place, it cannot be occupied by owner-occupiers until the lease concludes.
What maintenance costs are covered by DHA?
Most maintenance and repairs are paid for by DHA, reducing the ongoing costs for the owner during the lease term.
How is the rent amount determined?
The current rent is $500 per week, adjusted annually based on independent professional valuations and market comparables.
What is the lease duration and renewal options?
The lease started on 6 March 2013 and ends on 5 March 2028, with an option to extend for a further three years at DHA’s discretion.
Are there any upcoming planning or development applications in the area that could affect the property’s value or livability? What are the specific terms and conditions of the DHA lease, including end-of-lease make-good obligations? Are there any restrictions or covenants on the property that could impact future renovations or use? Has the property been inspected recently for structural issues or defects? Are there any strata or body corporate fees or special levies applicable to this unit? What are the long-term prospects for capital growth in Wulguru? Is there any history of flooding or bushfire risk in the area? Are there any planned infrastructure projects nearby that could cause noise or disruption? What are the total ongoing costs including council and water rates, and are they confirmed? Is the property compliant with all local building codes and regulations?

Stuart Drive, Wulguru, QLD, 4811 - More Details

DHA LEASED INVESTMENT LEASED UNTIL MARCH 2028

INVESTORS: With a very impressive yield now is the time to invest before you miss the boat! This property presents the perfect option for those looking to start their property portfolio by offering investors the opportunity to enter the market with an assurance of guaranteed rent from DHA (Defence Housing Australia) and a lease until November 2025 with a 3 year option that would take it through until 2028. The DHA (Defence Housing Australia) lease offers the new owners guaranteed income, resulting in stress-free investing, regardless of whether the home is tenanted. Ideal for investors from anywhere in the country, great for superannuation funds, or for those starting their property portfolio and looking for a safe and secure option to get started. CURRENT RENT 2026: $500 pw and adjusted annually based on the assessment from independent professional valuer based on comparable rentals. DHA LEASE DETAILS : Lease Start date: 6/3/2013 Lease end date: 5/3/2028 Lease option : USED * Note: The option and right to vary is at DHA’s discretion. COUNCIL & WATER RATES: $ TBC BODY CORP fees: $1216 per qtr PROPERTY FEATURES : * 2 Air-conditioned bedrooms inc master with access to ensuite and 2nd bedroom with access to a private bathroom * Open-plan living * Private area for entertainment * Modern bathrooms * Undercover car parking and storage facilities * Minutes to Townsville General Hospital, James Cook University and Lavarack Barracks * Close to Fairfield Waters shopping, Bunnings and Stuart Hotel * Easy motorway access, public transport, schools, parks and sports fields DHA LEASE BENEFITS: * Guaranteed rent paid on time every time regardless of whether the house is tenanted * Annual independent rent reviews * Most maintenance paid for by DHA * The lessor may also be entitled to a lease-end make-good (refer to the DHA Lease Agreement). * Zero re-letting fees ** A note for Owner Occupiers -This property is sold with a DHA (Defence Housing Australia) lease in place which offers significant benefits to the investor however can’t be occupied by the owner/s until the lease ends ** ***Investing with DHA - This property is for sale on behalf of a DHA Lessor and has a DHA Lease Agreement in place. Visit dha.gov.au to learn about the benefits of investing in a DHA property. If you would like to arrange an inspection please contact Sharon Richter of Hudson Property Agents. In accordance with DHA regulations, we advise that this property will only be available for private inspections and must be coordinated by the agent with the tenants. Information provided above has been obtained from various sources which we believe to be accurate, however, Hudson Property Agents accept no liability for any errors or omissions, including but not limited to a Floorplan, lease dates, build date, land size, floor plans and size, and property condition. Interested parties should make their own enquiries and conduct their due diligence in addition to obtaining legal advice from their appointed solicitor or conveyancer.
Type
Unit
Bedrooms
2
Bathrooms
2
Parkings
1

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