A member may be entitled to assistance for purchase of a home. The home must be in their posting location and they must live in it. This payment is made under the home purchase assistance scheme (HPAS). It is payable once only during a member’s ADF service. This Division describes the conditions of entitlement and when the assistance must be repaid to the Commonwealth.
We have hundreds of defence personnel that we assist with financial matters. We help and guide members on the allowances they are entitled to and how to best use them.
A lot of military clients are quite confused about buying their own home and receiving some of the benefits or remaining on RA/MQ benefits and investing elsewhere. Did you know that it’s financially cheaper to rent and invest than it is to buy your own home and live in it? That’s even with all the benefits included.
Contact us today to book a free consultation to find out how, and see if this strategy would suit you.
Defence Home Ownership Assistance Scheme (DHOAS)
DHOAS Loans – National Australia Bank
DHOAS Loans – Defence Bank
DHOAS Loans – Australian Defence Credit Union