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 |
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.