Are you looking at buying an investment property? If so, why not a dual living property?
When investing in dual living/ dual occupancy properties you essentially own two individual dwellings that belong to one residential household. Dual living property investments have the potential to offer higher rental yields because they're able to generate two rental incomes with two rental agreements.
Types of dual living property
Dual living properties can either be attached to each other or they can be constructed as separate dwellings on the one block of land.
Dwellings that are attached:
- A duplex: two properties that are attached together and share common walls. They're a house divided into two and can be sold separately
- A dual key property: is similar to a duplex. They're still attached. Though, a dual key property is considered as a house on one side and a smaller unit on the other
Separate dwelling:
- Granny flats: are a separate dwelling on the same block of land. They're generally smaller than the main house and are located at the back of the main dwelling
What are the benefits of investing in dual living property?
When buying an investment property, you should consider a dual living property due to their ability to generate a return on investment. These properties have a rental yield of up to 7%. Furthermore, they offer capital growth potential for real estate investors as they're beneficial for growing populations.
When buying an investment property that's a dual living, you're able to take advantage of certain benefits that you don't often experience with single dwelling investments. These types of properties have two different water and power meters. Though, usually, these types of properties do not incur additional costs of separate rates. There are also tax benefits and savings to stamp duty as you only have to pay the price of an individual block of land.
To learn more about dual living/ dual occupancy properties check out this video by our Founder and CEO, David Chehade:
Want to make property your investment strategy?
Here at Real Estate Investment Finance, we're finding that these types of properties are becoming increasingly popular with our investor clients. If you are looking to own a property that will offer you a great return on investment, reach out to our national team of specialists on the details listed below. We have access to over 10,000 properties across Australia that we can assist you with in order to meet your requirements.
Reach out on the details listed below:
Ph: 1300 130 932
Email: clientservices@reif.com.au
We explore this topic in our eBook 'Building Wealth Through Property.' Check it out here for FREE!
