Toea Homes Ltd is a 100% owned subsidiary of Comrade Trustees Service Limited (CTSL).
Toea Homes operates the Defence Force Retirement Benefit Fund (DFRBF) home ownership scheme, which provides affordable homes to eligible members.
Members can buy a house and land package from Toea Homes using our approved builders and floor plans. You can choose to live in the home, or rent out all or part of it.
Check your eligibility below and download a Toea Homes DFRBF application form.
Note: If you’re eligible, you may be able to access your superannuation to buy the home. Find out more about the Member Housing Advance scheme.
Eligibility
You are eligible for this scheme if you meet all these requirements:
- You are a contributing member to the Fund’s accumulation or defined benefits scheme, subject to the requirements below.
- You don’t have an outstanding balance from a previous housing advance.
- You are a pension member of the Fund.
How much you can receive
| Defined benefits scheme members | |
| Members who have contributed for 20 years of more | 80% of their lump sum eligibility (50% commutation) |
| Members who have contributed less than 20 years but more than 5 years | 100% of their own contributions |
| Members who have contributed for less than 5 years | Not eligible for the housing scheme |
| Accumulation scheme members | |
| Members who have contributed for 5 years or more | 100% of their own contributions |
| Members who have contributed for less than 5 years | Not eligible for the housing scheme |
About our homes
Our builders
Our experienced, qualified builders design and deliver quality homes at affordable prices for members under the DFRBF home ownership scheme.
Our builders, South Pacific Homes and AHL (PNG) have three, four and five bedroom options in high and low set configurations. Visit their websites to learn more about them:
AHL (PNG): www.australasianhomes.com.au
South Pacific Homes: www.southpacifichomes.com.pg
Toea Homes will help you through the process from planning to delivery.
Our homes
Every home bought with Toea Homes:
- is self-contained
- has a solar and hot water system
- includes a stove.
Additional features will depend on the builder and the house plan you choose to build.
Contact us to receive brochures on the range of homes, including floor plans and specifications from our builders.
And contact Toea Homes at any time for advice.
Pricing
The price of your home will depend on:
- how many bedrooms are in the floor plan
- whether you build a low-set or high-set home
- your choice of fixtures and fittings.
To give you a guideline, the following tables have an overview of pricing from our builders:
South Pacific Homes
| House type | Name | House size | Land area | Price range |
| 3 bedroom - low set | Taurama | 72.80sqm | 300 to 370sqm | K318,000 to K342,000 |
| 3 bedroom - high set | Moem | 70sqm | 300 to 370sqm | K364,000 to K388,000 |
| 4 bedroom - low set | Igam-L | 95.2sqm | 380 to 560sqm | K413,000 to K475,000 |
| 4 bedroom - high set | Igam-H | 81.2sqm | 380 to 560sqm | K428,000 to K490,000 |
| 5 bedroom - low set | Murray-L | 103.6sqm | 590 to 660sqm | K521,000 to K545,000 |
| 5 bedroom - high set | Murray-H | 92.4sqm | 590 to 660sqm | K535,000 to K559,000 |
AHL (PNG)
| House type | Name | House size | Land area | Price range |
| 3 bedroom - low set | Seeadler | 78.79sqm | 300 to 370sqm | K325,000 to K349,000 |
| 3 bedroom - high set | Dregger | 78.79sqm | 300 to 370sqm | K370,000 to K394,000 |
| 4 bedroom - low set | Salamaua | 89.17sqm | 380 to 560sqm | K413,000 to K475,000 |
| 4 bedroom - high set | Buna | 91.47sqm | 380 to 560sqm | K443,000 to K505,000 |
| 5 bedroom - low set | Rabaul | 101.93sqm | 590 to 660sqm | K536,000 to K5360,000 |
| 5 bedroom - high set | Moresby | 106.83sqm | 590 to 660sqm | K556,000 to K580,000 |
Getting loans and advances
Home loans
Neither CTSL nor Toea Homes offer home loans to our members.
To get a home loan, you should choose a bank that offers competitive interest rates and annual and administration fees.
Our team at Toea Homes can answer any questions about choosing the best bank for your circumstances.
The land that your house will be built on has a 99-year state lease under Toea Homes Ltd. The title is given to you when you fully repay your loan.
Advances
Members may purchase a house and land package from Toea Homes using the Member Housing Advance (MHA) scheme.
You may also be able to use the MHA scheme as equity to get a loan from an approved financial institution.
Payments as equity are paid directly to the assigned bank.
Contact Toea Homes if you have any further queries.