Dual Living Explained
Two investment property all under the one roof
Duel Living on a whole new level
Dual living basically takes the concept of the ‘Granny Flat’ to a whole new level. Each home has its own entrance and facilities like laundry, kitchen, toilets, bedrooms, living and outdoor areas. But unlike a granny flat, you’re not building a separate structure; it’s all under the one roof.
Dual Living designs make a lot of sense and offer ongoing opportunity; they bring in another stream of income and are a brilliant option for investment properties where more renters mean more dollars..
These homes present the modern day investor with a cutting edge solution to standing out in the investment world; each Dual Living home enables two separate income streams on the one titled property. This means more incoming cash ﬂow and less worries in terms of multiple titles, council rates and other associated costs.
Being essentially two separate investment properties under the one roof, a Dual Living Home will continue to outperform other standard investment properties that offer accommodation for one tenant.
However, as all councils have different by-laws and requirements for dual occupancy dwellings, we always recommend you use an experienced and trusted team to put together your dual occupancy opportunity.
- Investors – rent both sides out to maximize your yields. These properties will usually be Cash flow Positive
- Owner-Occupiers – live in one side and rent the other… your tenant helps pay the mortgage for you
Teenage Retreat or Granny Flat – if the kids can’t afford to move out on their own or if grandma or grandpa need looking after, this arrangement could be perfect.
So Let’s break it down.
With two tenants paying rent, your receive much greater income from your property
Two dwellings but only one set of rates and nobody corporate fees!
The tax deductions on a Dual Occupancy home is greater, meaning more money back from the tax man!
Higher income, larger tax beneﬁts and lower purchase price, means your Dual living home maybe Cashﬂow Positive
With two potential rental sources, of one is vacant the other property is still working for you
Affordable Purchase Price
With only on block of land, the total price of owning two income producing properties is reduced.
For more information call us today. We can answer all your questions on Dual Living.