DUAL INCOME PROPERTIES
Dual Key properties are a fantastic investment for property investors looking for a more affordable option to a duplex with similar cash returns.
A dual key property is similar to a duplex in that it provides the owner with two incomes under the one roof. Best defined as a house on one side with an annexed unit on the other – a co-joined version of a granny flat.
The configuration is usually 3 or 4 bedrooms one side, 1 or 2 bedrooms on the other. With independent access, parking, 2 fenced yards and an acoustically sound fire wall separating the 2 dwellings.
Whilst dual keys cannot be strata titled – you do however reap the benefits of 2 incomes with only one set of council rates.
WHAT DUAL KEYS MEAN FOR YOU
We have partnered with reputable builders who provide our clients with full turn-key dual key builds on fixed price contracts. The all-inclusive package means window fittings, landscaping, driveways, letterbox and clothesline are all included – no sneaky or costly surprises.
We recommend all investors obtain a depreciation schedule, this, along with the builders warranty, makes dual key properties a really safe and savvy investment decision.
The locations we look to build in must pass our standard investment criteria that includes, proximity to schools, access to major arterial roads, amenities, public transport and the CBD.
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Our clients love the finishes on these builds and they are ready to be rented out efficiently without prolonged build times.
Best of all – as dual key builds are purchased on 2 contracts – one for the land and one for construction, you only pay stamp duty on the land component which often reflects a saving of $10,000.
The 2 incomes provide strong rental returns of around 6-6.5%. Our clients have experienced no vacancy periods – the market demand on these products has been very strong.
To discuss more about this service, please complete our contact us page, email info@advocateservices.com.au or call 0414 947 645.
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CAN A DUPLEX WORK FOR YOU?
With a price point starting from high $500,000’s duplex builds makes an affordable, cash flow savvy investment decision.
We partner with reputable builders who provide our clients with full turn-key builds on fixed price contracts. The all-inclusive package means window fittings, landscaping, driveways, letterbox and clothesline are all included.
We recommend all investors obtain a depreciation schedule, this, partnered with the builders warranty, makes these newly built properties a reliable investment decision.
The locations we look to build in must pass standard investment criteria that includes, proximity to schools, access to major arterial roads, amenities, public transport and the CBD.
Our clients love the finishes on these builds and they are ready to be rented out efficiently without prolonged build times.
Like dual keys, duplexes are purchased on 2 contracts – one for the land and one for construction, you only pay stamp duty on the land component which often reflects a saving of $10,000.
The 2 incomes provide strong rental returns of around 6-6.5%. Our clients have experienced no extended vacancy periods and market demand on these products has been very strong.