"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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