Transcript
Page 1: Ruth Lantzke - Defence Housing Australia (DHA) - Defence Housing Australia

Ruth Lantzke

Regional Director – Northern Territory

DHA in the Northern Territory

Page 2: Ruth Lantzke - Defence Housing Australia (DHA) - Defence Housing Australia

Agenda

• Introducing Defence Housing Australia (DHA)

• Current projects - Overview

• Future projects outlook for NT

Page 3: Ruth Lantzke - Defence Housing Australia (DHA) - Defence Housing Australia

DHA then

• DHA was established as a statutory

authority in 1988 to provide housing and

related services to ADF member and

their families

• Commenced with a portfolio of 23000

houses across Australia

• Estimated value of the portfolio was

$520 m

• Promised $750 m in funding by

Government over 10 years

Page 4: Ruth Lantzke - Defence Housing Australia (DHA) - Defence Housing Australia

DHA journey

• Embarked on a considerable capital

works, upgrade and improvement

program

• Initiated corporate planning and

strategies to:

– pursue large residential development and

construction projects with private sector

– access commercial borrowings

– establish long-term leasing arrangements

with individual and institutional investors

• In 1992 DHA became a Government

Business Enterprise

Page 5: Ruth Lantzke - Defence Housing Australia (DHA) - Defence Housing Australia

Sale and leaseback

• The Sale and Leaseback Program was launched in

1996 under the Defence Housing Authority brand.

• Each year DHA owned properties are sold to

investors through the Sale and Leaseback (SLB)

program.

• Other property investments can not usually match

the security of income provided by DHA

• Zero vacancy risk and guaranteed income for the

term of the lease.

• Housing provisioning model has been researched

and copied as ‘best practice’

• Defence forces in US, UK and Canada

• Government housing in NZ

Page 6: Ruth Lantzke - Defence Housing Australia (DHA) - Defence Housing Australia

DHA sells properties to private investors

Private investor leases property back to DHA

DHA uses property to house Defence families

The model

Page 7: Ruth Lantzke - Defence Housing Australia (DHA) - Defence Housing Australia

DHA today

• Has transformed Defence housing into a $10b+ national portfolio:

– manage over 19,000 properties Australia-wide

– manage almost 13,000 properties on behalf of private investors

– provide modern, liveable dwellings (average age = 9 years)

– have adequate private funding to maintain dwellings at the highest standards

• 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 residential developer,

with $1.3b worth of developments underway and a further $1b+ in the

pipeline

Page 8: Ruth Lantzke - Defence Housing Australia (DHA) - Defence Housing Australia

Defence in the Northern Territory

• 10% of the ADF is located in the

NT

– Darwin

– Katherine

– Alice Springs

– Nhulunbuy

• ADF personnel and families

– 6% NT Population

– 9% Darwin Population

– 20% Katherine Population

Page 9: Ruth Lantzke - Defence Housing Australia (DHA) - Defence Housing Australia

DHA today in the Northern Territory

• Portfolio:

– manage over 2000 properties in Northern Territory

• Recent/Current Projects:

– Lyons Development

– Larrakeyah Re-development & Upgrades

– Breezes Muirhead Development

– Katherine Constructions & Upgrades

– Tindal Constructions & Upgrades

– Alice Springs Constructions & Upgrades

– Nhulunbuy Upgrades

Page 10: Ruth Lantzke - Defence Housing Australia (DHA) - Defence Housing Australia

Lyons Development

• Size - 77 ha

• Completion - 2011

• Project Cost - $175m

• Total Dwellings – 700

– DHA Housing – 346

– Retail Housing -

354

Page 11: Ruth Lantzke - Defence Housing Australia (DHA) - Defence Housing Australia

Larrakeyah Redevelopment

• Size - 7 ha

• Dwellings – 97

• Completion - 2012

• Project Cost - $63.8 m

All of the homes were built to a minimum six star Energy Efficiency Rating and designed specifically for the

tropical environment. They feature cross-flow ventilation, open-plan design, decks, pergolas and elevation.

Page 12: Ruth Lantzke - Defence Housing Australia (DHA) - Defence Housing Australia

Larrakeyah Upgrades

• Dwellings – 48

• Estimated Completion - 2015

• Project Cost - $25 m

All of the homes were built to a minimum six star Energy Efficiency Rating and designed specifically for the

tropical environment. They feature cross-flow ventilation, open-plan design, decks, pergolas and elevation.

Page 13: Ruth Lantzke - Defence Housing Australia (DHA) - Defence Housing Australia

Tindal Upgrades

• Dwellings – 193

• Completion – 2015

• Project Cost - $73 m

Page 14: Ruth Lantzke - Defence Housing Australia (DHA) - Defence Housing Australia

Tindal Constructions

• Size – 17 ha

• Dwellings – 50

• Completion - 2016

• Project Cost - $89.4m

All of the homes were built to a minimum six star Energy Efficiency Rating and designed specifically for the

tropical environment. They feature cross-flow ventilation, open-plan design, decks, pergolas and elevation.

Page 15: Ruth Lantzke - Defence Housing Australia (DHA) - Defence Housing Australia

Muirhead Development

• Size - 150 ha

• Completion - 2017

• Project Cost - $400m

• Dwellings – 1200 – DHA Housing – 330

– Retail Housing - 870

All of the homes were built to a minimum six star Energy Efficiency Rating and designed specifically for the

tropical environment. They feature cross-flow ventilation, open-plan design, decks, pergolas and elevation.

Page 16: Ruth Lantzke - Defence Housing Australia (DHA) - Defence Housing Australia

About the ‘Breezes’ Muirhead

All of the homes were built to a minimum six star Energy Efficiency Rating and designed specifically for the

tropical environment. They feature cross-flow ventilation, open-plan design, decks, pergolas and elevation.

Awards

• Excellence Award for Housing from the Planning Institute of Australia

• Merit Award for Urban Design from the Urban Development Institute of

Australia

Page 17: Ruth Lantzke - Defence Housing Australia (DHA) - Defence Housing Australia

About the ‘Breezes’ Muirhead

All of the homes were built to a minimum six star Energy Efficiency Rating and designed specifically for the

tropical environment. They feature cross-flow ventilation, open-plan design, decks, pergolas and elevation.

Page 18: Ruth Lantzke - Defence Housing Australia (DHA) - Defence Housing Australia

DHA Future Projects….

• Development Projects:

– 2CRU

– Defence Stock

• DHA will continue a $300m program to upgrade and replace Defence-

owned housing on-base and off-base

• Northern Territory program (next 5 years):

**Numbers may vary due development approval processes and agreements**

Dwelling Constructions

Acquisition Retail Lot Delivery Surplus Housing

470 100 1500 570

Page 19: Ruth Lantzke - Defence Housing Australia (DHA) - Defence Housing Australia

RAAF Base Darwin

Size – 8.7 ha

Dwellings – 80

Completion - 2016

Project Cost - $53.36 m

Page 20: Ruth Lantzke - Defence Housing Australia (DHA) - Defence Housing Australia

2CRU

Darwin Hospital

Lyons

Muirhead

• Size – 49 ha

• Dwellings – 450

– 135 DHA lots

– 315 Retail lots

Continue to grow and develop the

Muirhead site and lot design

concept with the added

advantage of a ‘seaside’ suburb.

Page 21: Ruth Lantzke - Defence Housing Australia (DHA) - Defence Housing Australia

Summary

DHA are a major contributor to building the Territory

• Land release to reduce housing supply issues

• Drive environmentally sustainable and cost effective housing

• Economic stimulus for NT development and construction industry

Page 22: Ruth Lantzke - Defence Housing Australia (DHA) - Defence Housing Australia

Any questions?


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