27 Fernbank Parade

Idalia QLD 4811

With two separate living zones, split system air conditioning throughout, and modern finishes including tiled living areas and carpeted bedrooms, the home has been designed for comfortable, low-maintenance living. The master bedroom includes a walk-in robe and ensuite, while the remaining bedrooms feature built-ins, ceiling fans, and air conditioning. Additional highlights include a family bathroom with separate shower and bath, a remote double garage, and a private, fully fenced yard.

Located just minutes from Fairfield Central Shopping Centre, Bunnings, childcare centres, and parklands, this address offers convenience and tenant appeal in a well-connected pocket of Townsville.

With a DHA lease in place until September 2028, investors benefit from guaranteed rental income, organised maintenance, and an annual rent review due at the end of this year, ensuring returns stay aligned with the market.

Townsville continues to perform strongly, with vacancy rates at record lows and an abundance of jobs and major infrastructure investment driving population growth and housing demand. These fundamentals make this property a secure and strategic addition to any portfolio - ideal for investors seeking reliable, hands-off income in one of North Queensland's strongest markets.

LEASE DETAILS:
* Lease end date 22/09/2028  (option engaged)

CURRENT GROSS RENT for 2025: $670pw and adjusted annually based on the assessment from an independent professional valuer based on comparable rentals
(The next review will be December 31st 2025)

BRIGHTEST FEATURES:
- Spacious block at end of court with no side neighbours
- Double side gate access with new fencing
- Two living areas 
- Split system air conditioning throughout 
- Open plan kitchen, dining and living that opens out to covered patio
- Modern kitchen features stone benchtops, island bench with brekky bar, pantry, double sink, electric cooktop, oven and rangehood with plenty of bench and cupboard space
- Modern tiling throughout living areas with carpet to bedrooms and lounge (great condition!)
- Spacious master bedroom featuring walk in robe and ensuite
- Additional bedrooms all with built in robes, split system air conditioning and ceiling fans
- Family bathroom with walk in shower and separate bathtub
- Separate toilet
- Remote double garage
- Minutes to Fairfield Central Shopping Centre, Bunnings & Daycares

DHA LEASE BENEFITS: 
• Guaranteed Rent:
With a DHA investment, your rental income is secure-even if the property becomes vacant. You lease the property directly to DHA, and they manage the Australian Defence Force (ADF) occupant. Rent is accrued daily and paid in advance, ensuring consistent cash flow and peace of mind.

• Long-Term Leases:
Leases typically range from 6 to 12 years, allowing for long-term planning and financial stability. This stands in stark contrast to standard leases in the private rental market, which can be as short as 6 months.

• High-Quality Properties Only:
DHA applies strict criteria when selecting properties, based on both location and the specific needs of Defence personnel. Factors such as rank and family composition play a role in what homes are accepted, ensuring a consistent quality of living across postings-and limiting properties to only those that meet their standards.

• Comprehensive Property Care:
Owners enter a Property Care Contract with DHA, which outlines a full suite of management services. This includes handling maintenance, tenant transitions, and scheduled property inspections.

• Vacancy Management:
If the property becomes vacant, DHA continues to manage general upkeep and transitions without disrupting your income stream.

• Repairs and Replacements:
DHA organises and covers most non-structural repairs, including like-for-like replacement of fixed appliances. Emergency repairs are facilitated quickly, with any costs billed separately.

• Regular Inspections and Reports:
Scheduled inspections are conducted, with reports provided to keep you informed of your asset's condition.

• Rental Reviews:
DHA commissions independent, licensed valuers to assess and adjust rental payments in line with current market trends, ensuring your return remains competitive.

This property is being sold with an active DHA lease in place, offering excellent benefits for investors. Please note that under the lease terms, the property cannot be occupied by the owner until the agreement concludes.

Investing with DHA
This sale is on behalf of a DHA lessor and is governed by a DHA Lease Agreement. You can learn more about Defence Housing Australia and its investment benefits by visiting dha.gov.au.

To arrange a private inspection, contact Catherine Jeffrey on 0435740028. Please note: in line with DHA regulations, private inspections require 72 hours' notice.

All property information (including area, floor size, pricing, address and general description) has been provided to Bright Property by third parties and is presented here as a convenience to prospective purchasers.