Published: 13 August 2025
DHOAS is designed to reward service by helping Australian Defence Force members and veterans enter or stay in the property market. The scheme offers a monthly interest subsidy that reduces repayments on a qualifying home loan.
Eligibility is based on your length of service. After serving the qualifying period you accrue service credit, which determines your subsidy tier. The longer you serve, the higher the tier and the larger the portion of interest the government will cover.
Unlike a grant, the subsidy is paid directly to your lender each month, lowering your out‑of‑pocket cost. You can use it for purchasing a new home or for refinancing an existing loan if you meet the occupancy requirements.
DHOAS loans are offered by a panel of approved lenders. Each lender has its own policies on lending limits and property types, so comparing options is crucial. A mortgage broker familiar with defence entitlements can help match your service credit to a suitable product.
The scheme allows you to transfer remaining service credit to a new loan if you sell and buy again, provided you continue to meet occupancy and service requirements. This flexibility lets you use DHOAS benefits more than once over your career.
When applying, you’ll need a DHOAS subsidy certificate, evidence of service and proof the property will be your principal residence. Processing times can vary, so it pays to start early and keep your paperwork organised.
Because policies and subsidy rates change over time, always check the latest guidance from the Department of Veterans’ Affairs before making decisions. Professional advice can help ensure DHOAS works alongside your broader financial plan.