How Do Dual Occupancy / Auxiliary Properties Work - A quick video explaining how they work.

Описание: Do Do Dual Occupancy / Auxiliary Properties work?
Rooming House Investment Walk Through

Here is a quick video explaining how Dual Occupancy / Auxiliary properties work and also providing some of the key advantages of the product.
Dual Occupancy properties have two separate dwellings on a single title. The dwellings may be attached by a common wall or detached and they have separate external entrances. Both residences can be leased out separately.

New Property Australia design and organise the build for specific properties for each council area, ensuring they meet the requirements of the exact local legislation, and develop block specific designs to enable the best outcome for each investor.


3 Incredible Reasons You Should Become a Dual Occupancy Investor:

1. Yield & Capital Growth – These don’t have to be mutually exclusive.
2. Strong Market Demand – There is a massive demand from tenants to rent these properties.
3. Amazing Passive Income – The high positive yields and cashflow that this property investment type offers enables you to create income streams.

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Critical to any property investment is the delivery of a return on that investment. Dual Occupancy / auxiliary are uniquely strong as a type of property investment. Not only do they offer a high yield, but also capital growth. At New Property Australia we believe that Yield and Capital growth don’t have to be mutually exclusive.

We have literally been involved in hundreds of successful dual occupancy projects for our clients. There is nothing we enjoy more than creating a high yielding dual occupancy property within an area with great capital growth potential for our clients.

For many, the goal when considering property investment is to reduce their reliance on their active income. Investing in a dual occupancy offers a fantastic source of passive income. For many New Property Australia clients, the goal with investing in a dual occupancy property is to buy a few of them over a number of years and then retire and live off the income these property investments produce.

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Dual Occupancy / Auxiliary Properties offer a number of key benefits for both Investors and Owner Occupiers:

Ideal For Investors:
• Cash Flow Positive
• Great Tax Depreciation
• Two rental incomes – Provides much higher yield than a single dwelling
• Only one rates charge
• One income continues if the other tenant vacates
• Separate water and power metering
• No Body Corporate fees
• Each unit is completely independent and separately fenced
• Some designs can be converted into single dwellings later if required
• Resell to owner-occupiers or investors

Ideal For Owner Occupiers Who Want:
• Multi-generational living
• Appears like a single home
• Independence and privacy from other family members
• Can be separately rented in the future if required
• Resell to owner-occupiers or investors

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Dual Occupancy/Auxiliary dwelling is the correct terminology for this type of building. Also known as dual key, dual dwelling and various other names. They are two homes in one. They are not approved to be strata titled like a Duplex, which means that both dwellings or units are on one title with one set of rates, therefore there are no body corporate fees.

If Town Planning rules were to change in the future and these dwellings were allowed on smaller block sizes, there would be no building changes required to allow the two units to be strata titled, providing that it complied with the new minimum block size at that time.

Both self-contained units are usually under the same roof, so from the street the building looks like a normal house. If attached and under the same roof the units are separated by a firewall which also provides great acoustic benefits.

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Each unit has its own entrance and full facilities, including a kitchen, bathroom, laundry, bedrooms, living areas and car accommodation. The size of the auxiliary unit and the number of bedrooms allowed, varies from Council to Council in Queensland. Different rules also apply in other states. For example, NSW has overarching State legislation allowing dual occupancy/auxiliary dwellings in all Local Government Areas however each LGA can have their own variations to the requirements. Dual occupancy/ auxiliary dwellings can’t be built in Victoria. They are allowed in WA and other States vary.

At New Property Australia we are experts on all types of high yielding properties including dual occupancy, duplex, dual key, rooming houses and house and land packages. If you would like to speak with one of our expert consultants please enquire on the link above.

Rooming House Investment Walk Through