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What is the DHOAS Lump Sum?

If you’ve accrued entitlement to DHOAS having completed your qualifying period, you may be eligible for a lump sum payment. You can convert up to four years of your service credit to a lump sum.

The lump sum is only calculated on the Tier 1 subsidy regardless of your eligible tier. It will also not be paid prior to the settlement of a property and therefore, cannot be used as an upfront deposit.

You’d need to cash flow your deposit in this case. The current Tier 1 subsidy is $514 (as of April 2023), making a 4-year lump sum payment worth $24,672.

To qualify for the lump sum you must not have purchased a property previously as either your primary home or an investment property.

Next, we take youth through Assessing the Cards in Your Hand!

Contact someone you can trust to help you with your ADF Housing Entitlements, call us on 1300 372 677 or send us an email at info@integrityx.com.au

~Integrity Team

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