Dual Occupancy Homes

"DUAL OCCUPANCY" HOMES. A NEW TREND IN HOUSING INDUSTRY!

Dual Occupancy Homes are the new trend within the property industry and very popular with owner-occupiers and investors.


An astonishingly fast growing and aging baby boomers population, the high cost of today’s living, an under-supply of housing, slow land release and government procedures are the major driving forces towards this resourceful property option.

A property can be labelled “dual occupancy” when the same block of land is in use by both dwellings, which are attached and under one title, whilst both dwellings maintain separate water, electricity meter and have a proper building structure of a fire wall. Both dwellings share the same roof but each one has their own entrances, kitchens, bathrooms, garage and entertainment areas inside and out.

“Dual Occupancy” homes have the capacity to

•  Generate income to the owner-occupier by living in one and renting the other.
• Accommodate the needs of a growing family in the form of a teenager retreat or a granny flat.
• Provide a dual income for the investors since they can rent each one individually and minimise their tax exposure with depreciation for both of the dwellings.
• Increase demand and popularity due to their versatile nature.
• Create a positive cash-flow
• Offer new investors a relatively low risk investment and development opportunity entry .

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Property Of The Week

Brassall - Property of the week

PRIME

LOCATION

Brassall is without question one of the fastest growing regions in Ipswich and is considered and area of affluence within the Ipswich precinct. Pine Mountain is an impressive new boutique community on offer by QPG, nestled within the thriving region of Brassall. This exciting new development comprises of 150 lots, ranging from 400m2 - 960m2 and being completed over 6 stages.

Brassall presents good value in a high-growth location, the ideal place to build your dream or to capitalise on your positively geared investment, with annual capital growth in the area 9.80%.

Pine Mountain offers convenience, good schooling options and an excellent community lifestyle. Ideally located 5 minutes from Ipswich CBD and 40 minutes to Brisbane CBD and with easy access to the Warrego Highway and a large variety of public transport, getting around is made easy.

Here you will enjoy the convenience of the Brassall Shopping Centre which offers you all you will need in terms of food, fashion, dining, medical, health & beauty, homewares and financial. The Brassall community presents a range of recreation areas and parks, in addition Ipswich State High School is only minutes away, making it great for young families.

At QPG we offer an array of affordable House and Land Packages, with a large selection of new home options to suit all tastes and budgets. Choose from a large variety of house designs, from a range of builders to include modern elevations and spacious floor plans.

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Tax Depreciation Schedules

When it comes to depreciation on a home there are two types of allowances available: depreciation on Plant and Equipment, and depreciation on Building Allowance. Plant and Equipment refers to items within the building like ovens, dishwashers, carpet & blinds etc. Building Allowance refers to construction costs of the building itself, such as concrete and brickwork. Both these costs can be offset against your assessable income.
So why should I consider depreciation when purchasing an investment?

Simple, the higher amount of depreciation you have to offset you taxable income the lower your tax payable and the more tax return you will receive. The amount the depreciation schedule says you can claim effectively reduces your taxable income because it’s taking into account how much it costs you to own and maintain the property.

If you would like to find out more about tax depreciation please get in contact with us.

Pay Off Your Home Loan Sooner

Paying off your home loan sooner not only reduces your mortgage term but can significantly save you a lot of money on interest. This doesn't have to become a huge drain on your cash flow small repayments as well as a clever set up can make a huge difference.

1. Review your loan – Depending on the economic trend and where we sit on the property cycle banks are ever competing to hold the lowest rates. Have a mortgage broker review your loan every 12 months or so to make sure you’re not missing out.
2. Have an offset account – An offset account acts much like a transactional account which is linked to your mortgage and when you deposit extra fund into the account it will decrease the loan balance. This in turn reduces the balance interest is calculated on, saving you interest.
3. Repayment frequency - For example, some home loan fortnightly repayments are decided by dividing the monthly repayment in half and then repaying every two weeks. By doing this, you end up paying the equivalent of one extra monthly repayment each year.

If you would like to find out more please get in contact with us.